Thursday, February 11, 2010

Obama Doesn’t Get It

I don’t know what happened to the man I elected to be president in 2008. That man is nowhere to be found…you know the one who was talking about “change” and how business as usual wasn’t going to cut in his White House.


Well, apparently, he is ok with JP Morgan/Chase’s CEO, Janie Dimon, and Goldman Sucks, excuse me, Sachs CEO Lloyd Blankfein’s  outrageous salaries and bonuses even though both of them basically ran their companies into the ground, and if they hadn’t been bailed out by the taxpayer last year, wouldn’t have made anything.  Obama does not begrudge them their success because “that’s what the free market is about.”


Free market, excuse me? I thought the free market was about allowing the weaker companies whose leadership made poor decisions fail while allowing smaller companies with smarter leaders take their place. I thought it was about competition.


I guess I was wrong. I guess competition and things like moral hazard only apply when you’re the middle class family who has fallen into poverty and is faced with foreclosure…because I hear all sorts of talk of moral hazard when it comes to the government helping a family like this save their home.


My disappointment in Obama can’t be described in words. We needed an FDR and we got a Herbert Hoover.

Wednesday, February 10, 2010

Apparently I Make Too Much Money

Yes, you read that right: OneWest denied my NACA mod request because they say my payment is already below 31% of my income. Huh???

All of my paperwork clearly shows my payment is in excess of 41% of my income, so my NACA negotiator is quite baffled by this response. Of course it is in line with the fact that OneWest has no interest in helping anyone.

I am now very worried that they will start the foreclosure process, which I have thus far evaded for more than a year now, by making at least one full payment a month, although never catching up on the three months I remain behind, but this month I have received no Breach letter which gives me the date by which I must make my next payment. Moreover, they’re not calling me constantly, haranguing me about payment.

I am very afraid that the process will be starting, and once that happens, options become extremely limited. If indeed they want to start foreclosure, even though I am making every effort to pay as a gesture of good will and to show how much I want to keep my house, I will be very upset.

Of course, my being upset will change nothing and won’t help me save my home. The only reason I am fighting so hard is because of my 80 year old mother who lives with us and whose home, really, at the end of the day, this is. My mother loves this house and has put in a lot of blood, sweat and tears into it. So have my husband and I. But for her, there is the additional dimension of the fact that her daughter died in this house ten years ago this February 19.

I can’t allow them to take this house. That has never been an option, but I am running out of places to turn.

I actually spoke to a lawyer who was willing to sue my servicer, but he wants $5000 to start. In my heart of hearts, I know that the courts are the only place I’ll see justice here, but where I am going to get $5000?

Well, enough of this sob story. Millions of other Americans are in my position and my heart goes out to them. I hope all of you find help soon.