Financial ruin = nervous breakdown

[Rafiki31]

Thanks everyone for your support. Little update for you. I ended up in the ER the other night and then I was admitted for one night because of my heart rate going so high it was keeping me up and I was afraid I was having a heart attack. I have been diagnosed with "superventricular tachycardia" and they want me to wear a heart monitor for 48 hours this upcoming week. They told me I have probably always had a problem but all the stress is making it worse. They put me on a few medications, so I feel really slow and tired right now. I am getting the monitor Monday and will have to wear it at work. I am hoping no one will notice I do not really want them to know I have it on. I am hoping I feel ok, because I feel like all this medication is really making me feel worse. I have just been sleeping and sleeping and sleeping. Ugh.

The house needs to go. I can't make the guilty feeling go away. I just want someone to buy it and make it go away. I think forclosure will kill me. I know in my brain I need to let it go, but I still can't stop feeling so guilty and stressed about it. The Dr said that one they get the heart medications worked out they will address whether or not I need something for anxiety.

I appreciate all of you supporting me. It helps more than you know. Thanks for the prayers. I appreciate them all.

 

[divabydisney]

Rafiki- What state do you live in?

I work in short sales. I may be able to help give advice. However, where you live makes a difference. Also do you just have a first mortgage?

 

[lizabu]

I'm so sorry you're going through this hard time. I'm not sure walking away from the house is the thing to do until you've explored all avenues. I agree with some of the previous posters that renting it out will bide you some time. I understand you had a bad tenant in the past but that was one tenant. The suggestion of using a rental management company is a good one too. When the renter moves in he or she will pay first and last and that would be enough to get you caught up. Who knows maybe in a couple years you'll need this house or the real estate market will recover enough for you to sell it for what it's worth.

 

[punkin]

Feel better, Rafiki and try not to stress too much. Everything will would out as long as you don't end up debilitated. Take care of yourself.

 

[divabydisney]

So you are saying that you truly believe that this entire mess was created by those Subway workers being approved for loans beyond their means?

Candlz- I read hardship letters all day long. Believe me when I tell you I get them EVERY SINGLE DAY, people who actually tell me they knew they couldn't afford the house when the bought it. They tell me how the broker told them to fabricate their income, they tell me how they used parents/siblings/friends incomes to qualify and never had intentions of occupying it. They tell me they just don't want to pay or feel entitled to have their balance wiped because banks acted irrresponsibly. I work for a big bank and have done this for over 10 years. For every 10 loans I work, only 2-3 have a valid hardship. You can smell them out. I also review their bank statements and can attest they blow through money like water. I had to tell one she literally eats the amount her paycheck in fast foods/restaurants. It's unbelieveable. I also admit that some banks and the gov't has helped the media believe a different story by their own irresponsible actions.

OP- After reading all this, I have no doubt that you ever intended to "strategically default". What you have been told is accurate, you have to miss payments. And don't fall into the guilt trap. I talk to people all day long. I know when someone has done "everything" to help themselves. And those files I prioritize and do what I can to get approved immediately. Don't make yourself sick over this. I've actually talked to people out of suicide at my job. It's an overwhelming and emotional process. Take your time and do what's best for you. The bank has no choice but to accept that.

 

[ilovemk76]

OP, you are the ones I feel sorry in these times. You did the right thing but had to move for a job(s) and could not get rid of the house. Don't get yourself sick over all of this and no more ER visits either .

The OP is not the one who caused this problem but is one of the victims.