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Bailout effects
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<blockquote data-quote="bby31288" data-source="post: 198833" data-attributes="member: 182"><p>husband and I are part of the adjustable rate problem. Against our better judgement, we let a mortgage broker talk us into an adjustable rate mortgage. We are now in foreclosure and have about 4 months left in our house. Sigh, our mortgatge payment went up to $4,200.00 a month. We stopped even trying to pay at $3,800.00 we just couldn't do it. This is all so sad. husband is very embarrassed by the whole thing. He of course feels like a failure for not being able to "keep a roof over our heads". I just feel dumb. I didn't do enough research on the mortgage before agreeing to it. Even though I had that moment that was like, ah this is probably not a good idea. What now? Do I expect a bail out....no, we got into this mess. But my kids keep hearing about all of this foreclosure help on the news and stuff, they ask about it. I tell them there is none. They keep saying there is, but no matter who we call, and who we write to, we get nothing. </p><p></p><p>I'm sorry for dumping this out. But suddenly I am very afraid for everyone. What is going to happen to everyone? </p><p></p><p>I will never have the american dream again, and I'm only 41.</p></blockquote><p></p>
[QUOTE="bby31288, post: 198833, member: 182"] husband and I are part of the adjustable rate problem. Against our better judgement, we let a mortgage broker talk us into an adjustable rate mortgage. We are now in foreclosure and have about 4 months left in our house. Sigh, our mortgatge payment went up to $4,200.00 a month. We stopped even trying to pay at $3,800.00 we just couldn't do it. This is all so sad. husband is very embarrassed by the whole thing. He of course feels like a failure for not being able to "keep a roof over our heads". I just feel dumb. I didn't do enough research on the mortgage before agreeing to it. Even though I had that moment that was like, ah this is probably not a good idea. What now? Do I expect a bail out....no, we got into this mess. But my kids keep hearing about all of this foreclosure help on the news and stuff, they ask about it. I tell them there is none. They keep saying there is, but no matter who we call, and who we write to, we get nothing. I'm sorry for dumping this out. But suddenly I am very afraid for everyone. What is going to happen to everyone? I will never have the american dream again, and I'm only 41. [/QUOTE]
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