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2barsa
Member since: June 2009
Total Contributions: 1
Activity
(1 Total Contributions)Foreclosure: The Other F-Word
I bought a condo through the Mayor's Office of Affordable Housing in San Francisco. Not only did Wells Fargo the approved lender give me a bad loan but the Below Market Rate unit was in a high end building with HOA dues almost equal to my mortgage payment after four year. For the first two years I contacted every agency along with the bank to help me keep my home but received no assistance. So I walked. As a result my unit went into foreclosure and sold for less than the debt owed. I'm stuck with a 21k home equity loan and the bank still refuses to work with me. It seems assistance is only given to people who were bad risks to begin with. Homeownership isn't all it's cracked up to be.
Comment posted 2 years ago
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