Comments on: Getting Federal Help For Your Mortgage Problems. http://www.mytwodollars.com/2009/04/01/getting-federal-help-for-your-mortgage-problems/ A place to discuss money...for the rest of us. Mon, 23 Nov 2009 05:09:30 -0500 hourly 1 By: David http://www.mytwodollars.com/2009/04/01/getting-federal-help-for-your-mortgage-problems/comment-page-1/#comment-32350 David Sat, 04 Apr 2009 15:23:19 +0000 http://www.mytwodollars.com/?p=1995#comment-32350 Be sure to take advantage of some of these programs to help you stay in your house, Alissa! Be sure to take advantage of some of these programs to help you stay in your house, Alissa!

]]> By: Alissa http://www.mytwodollars.com/2009/04/01/getting-federal-help-for-your-mortgage-problems/comment-page-1/#comment-32348 Alissa Sat, 04 Apr 2009 14:25:46 +0000 http://www.mytwodollars.com/?p=1995#comment-32348 Thanks for sharing this information, and for being realistic about your opposition to mortgage assistance from the government. Too often people are simply opposed to it, when people (can you tell I'm one of them) who are not irresponsible are caught in the middle of it. For me it is a bit of a perfect storm. It began for me with the unprecedented rise in property taxes in my area (half of my monthly mortgage payment is now paid to my escrow account for property taxes) which caused me to leave my salaried job and take a commissioned sales job because it was the only way I would be able to keep up on things. Then the economy tanked, and suddenly my income dropped along with it, but the mortgage still had to be paid. Things are starting to come around with my sales job, and so I see some light at the end of the tunnel, but catching up will not be easy. I think if more people who criticized the aid being offered in the mortgage crisis were aware of the situations many are facing they would be more realistic in their criticisms. I don't live in a very expensive house, which I actually bought because at the time (before the taxes went through the roof) it was cheaper than renting. Now, though I am afraid, it might be worth less than I owe on it. Thanks for sharing this information, and for being realistic about your opposition to mortgage assistance from the government. Too often people are simply opposed to it, when people (can you tell I’m one of them) who are not irresponsible are caught in the middle of it.

For me it is a bit of a perfect storm. It began for me with the unprecedented rise in property taxes in my area (half of my monthly mortgage payment is now paid to my escrow account for property taxes) which caused me to leave my salaried job and take a commissioned sales job because it was the only way I would be able to keep up on things. Then the economy tanked, and suddenly my income dropped along with it, but the mortgage still had to be paid. Things are starting to come around with my sales job, and so I see some light at the end of the tunnel, but catching up will not be easy. I think if more people who criticized the aid being offered in the mortgage crisis were aware of the situations many are facing they would be more realistic in their criticisms.

I don’t live in a very expensive house, which I actually bought because at the time (before the taxes went through the roof) it was cheaper than renting. Now, though I am afraid, it might be worth less than I owe on it.

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