PG in Florida said: “I am a disabled Veteran, and HFC has been sucking our blood for so long that I can not bleed anymore. Like the rest of honest folks out there, you work to the bones and aquired the American dreams so the greedy banks can squander billions and give us grief. I have a good job after my career in the military, work hard and pay my bills on time for 30+ years, then suddenly in 2004 I have a heart attack, and this is where everything I worked hard for starting to crumble.
I was behind on my mortgage and auto payment, but I went ahead and pay what I could on my mortgage note. We even went without food and living on can foods that left over from the last hurricanes. I’ve sent HSBC the mortgage payments with a few hundred dollars less then a full payment just to show good faith. I finally got through to their hardship workout department and it is here where everything get murky.
To qualify for the hardship, I had to jump through hoops with the paper trails that they insisted had to be done. I complied with their request and thought that my 3 months of payments in good faith would show, and assure HSBC that we are not a dead beat, and we very much want our home and are hoping they show some compassion and lend a hand. But here comes the good part. After a month, hours on the phone and mailing expense, we received a certified letter saying HSBC is in the process of reviewing our account for a possible foreclosure.
The reason they give us was we were 60 days behind, and all of those payments that we have making were not posted to our account so now $1300 became $5467 because of late fees and interest. We finally requested a loan modification to give us some breathing room at the recommendation of the counselor from HUD. Well, HSBC finally approved a loan modification and reduced interest rates from 9.5 to 5.25 for only six months, but with a stipulation that we must make a payment of $1111.00 to qualify for the hardship.
All I wanted is a loan modification for the life of my account, and pay my debts. I want to make sure my home is secure for my family before my time runs out. As with my health, I hope this will be resolved before my time runs out. Thanks for listening.”
Related posts:
