Several weeks ago I applied to my mortgage company, GMAC, for a loan modification. They use HAMP, Home Affordable Modification Program, begun by the Obama administration in 2009. Yesterday I got the call that I was denied. I’ve been in a state of shock for two days, as I fully expected to qualify. It took about 20 minutes of talking to my “counselor” to figure out what the hell she was talking about—she kept saying that they can only help homeowners get their mortgage to 31% of their monthly income. I didn’t understand why they couldn’t do this for me. After much questioning, it finally got through—I don’t make enough money to qualify!
I can’t believe how useless this program is for most people applying for it. It’s supposed to help people who have mortgages up to $750,000. What a joke! I’m not looking to lower a $3,000 mortgage to $2,000, we’re only talking hundreds here! They said they have to follow strict guidelines. The guidelines allow the mortgage company to reduce your interest rate or lengthen the term of the loan so the homeowner pays less each month, but the target is 31% of your income, and apparently they can’t do this for me because, though the amount is small, the actually percentage of reduction exceeds their rules. It’s still a huge mystery why they can’t find a way to help me, but they were very, very firm that the answer is no. They told me to reapply WHEN I’M MAKING MORE MONEY! I felt like I was talking to the Mentally Ill Mortgage Company.
So the people who really, really need this can’t get it. It’s not like I bought some stupid mansion way beyond my means and now can’t afford it. They suggested other programs, which I looked up or called and most require you to be at least 90 days behind on your mortgage. Since I’m a responsible person who has not let this happen (yet), I don’t qualify. They punish the proactive.
What do they accomplish by not working with me? I lose my house and they get stuck with a dump on the border they’ll never be able to sell. The plantings die and the house gets battered by wind, sand, rain, and sun. It’s bad for the neighborhood, the town, the state, and the country. There are houses all around here that have been for sale for years, and it doesn’t take long for them to become ruins. Windows get broken, people break in.
Now they’re sending me threatening letters about back taxes, penalties, and actually increasing my mortgage to include my property taxes. I ask for relief, I get my ass kicked.
I had an appointment to have a blood pressure check at the clinic this morning. I hate the clinic. The TV in the waiting room was blasting news and I became irritated. When they finally checked my blood pressure it was 220/104. The girl went to get the doctor, and I was immediately surrounded by women being told to call 911. I said NO! No, no no! I have to go to work! No way am I going to the hospital! They made me sign a release form stating I refused their medical advice. They gave me pills and made me lie down. I told them how insane it is to have news on in a medical waiting room, and they said “but people like it.” How do they know? Did they ask? And would I like to speak the “management”? Maybe it’s job security for them. Instead of taking a few minutes to relax before seeing your doctor, they stimulate your anger by forcing news on you—that way, your blood pressure never has a chance. Plus I’m now so terrified of having it taken that it automatically causes anxiety. When I go to the fire station to have it taken, they, too, have the TV blaring news.
When it lowered to 199/100, they let me go. I went to work. I already know all about the natural ways to lower blood pressure, I just don’t care. The demons are waiting for me at any attempt to sit still.