Our mortgage modification is at the end of the agreed-upon 3 months.
We met with the bank and with the next payment, the monthly payment goes back up to the actual payment. I think we're maybe a month or 2 behind. My estranged husband (we are in the middle of a divorce) basically told them he was not going to pay the mortgage anymore.
They told us we had two options: to enter into an agreement with a realtor to sell the house, or to begin foreclosure proceedings.
The woman was pretty evasive about what would actually happen: when I would ask her questions about both, she said things like, "that depends on you and if a payment is made," or "we'll need to present that to the loan committee."
They just want their money back, and who can blame them. And my husband just wants to walk away from the responsibility of a house. Me, I have no job and three kids and will have to go and live with relatives if we lose this house.
