'I just wanted to pay for my house'

Full story: Evening Sun 58
Ben Nathanson stands in the front yard of his home in Gladys Court in West Manheim Township while his daughter, 7-year-old Sophia, walks out to play in the yard. Full Story
First Prev
of 3
Next Last
Debbie Scheller

Hanover, PA

#1 Nov 7, 2010
Being behind in your mortgage is a stressful thing beleive me i know, my family has been struggling just like the Nathanson's. We just keep trying to stay afloat. My heart goes out to them, and I hope that they get this all resolved.
West Manheim is a great place to raise your children. Good luck to the Nathanson's
I_CAN_ADD

East Berlin, PA

#2 Nov 7, 2010
It is hard to feel bad for people that overextended themselves. We bought what we could afford, not what we wanted.The banks would have loaned us twice what we could afford to pay, and had we taken it, we would be in the same situation.
a former student

Gettysburg, PA

#3 Nov 7, 2010
Yes, the Nathonson's bought what they could afford---until he lost his job and his new job paid less. Let's not get too smug about what any of us can afford. It could happen to any of us.

Since: Oct 10

Location hidden

#4 Nov 7, 2010
I_CAN_ADD wrote:
It is hard to feel bad for people that overextended themselves. We bought what we could afford, not what we wanted.The banks would have loaned us twice what we could afford to pay, and had we taken it, we would be in the same situation.
I missed where the article said he over extended himself, taking into account he lost his job, I guess ( using your retarded analogy ) he should have based his debt to income ratio on 0 income.

Idiot
BEEN THERE

Gettysburg, PA

#5 Nov 7, 2010
We too struggled financially due to reduced income. We got behind just shy of 3 months until we finally received a modification which put all the late payments at the end of the note, the interest rate was modified to produce this outcome. We still struggle, but there is some light at the end of this horrible financial nightmare. One thing I always do now is make my payment on line, yes there is a fee, but with the peace of mind and the proof, it's worth 7.50
No one should ever judge another in this situation, this housing crisis has affected people from all social backgrounds, and we can thank all the greedy morons who started this crapola!
MPO

Hanover, PA

#6 Nov 7, 2010
The stimulus money given to CItigroup,Bank of Ameria,Wells Fargo, and J P Morgan to help home own stay in their homes. What did they do with the BILLION they received?
What they did

Hanover, PA

#7 Nov 7, 2010
MPO wrote:
The stimulus money given to CItigroup,Bank of Ameria,Wells Fargo, and J P Morgan to help home own stay in their homes. What did they do with the BILLION they received?
I'll tell you what they did! They pocketed it. We are in the same situation. Our loan was through good old Countrywide. We tried to get a modification...jumped through hoops, did backflips, whatever. What happened? Nothing other than getting another Sheriff Sale notice on the front door. Best part was these banks are so swamped with foreclosures we lived payment free for almost 2 years. We took the money that we would have paid on the mortgage and saved it...bought a nice mobile home for cash and now live mortgage free! Thanks Countrywide for being such a$$holes. I really appreciate my simple life now. By the way, my house is still sitting empty and still hasn't been sold by the Sheriff yet.
john

Hanover, PA

#8 Nov 7, 2010
If only he was a millionaire, he would have gotten all the financial help in the world. But since he's an honest hard working man, he gets the shaft. I've been there, and because we are lucky enough to have family who could help us we stayed above water. I hope all works out well for him.
This is why

Hanover, PA

#9 Nov 7, 2010
MPO wrote:
The stimulus money given to CItigroup,Bank of Ameria,Wells Fargo, and J P Morgan to help home own stay in their homes. What did they do with the BILLION they received?
What did they do with the $$$$$? Left it sit in their bank. Why should these banks go out of their way to try to help these poor homeowners out? They already got the bailout $$$ for the bad loans. Now all they have to do is sit back and wait, and they will get your house too. If people are smart they will move out and totally destroy these homes. This will teach the banks a lesson thinking they can just set back and cash in on everyones' misfortunes. I have seen where people have completed gutted houses of everything of value just to try to survive. And to tell you the truth I can't blame them a bit. These corporate bullies need a wakeup call.
Fakts

Orrtanna, PA

#10 Nov 7, 2010
The smart thing to do is to not buy until you can answer this question with a "yes." Can we still afford our mortgage if one of us lost our job? Obviously the answer for them was no, therefore, they overextended themselves.
a former student wrote:
Yes, the Nathonson's bought what they could afford---until he lost his job and his new job paid less. Let's not get too smug about what any of us can afford. It could happen to any of us.
Dan

Reading, PA

#11 Nov 7, 2010
I am also behind in my mortgage with J.P. Morgan Chase and have experienced the EXACT same scenario as the Nathanson's: Chase has made me send loan modification papers to them 4 TIMES & have YET to do anything with it. I called and asked to speak with someone about my account and was told that I could not!! I asked to speak to someone who could look at my paperwork with me and was told that there was nobody at Chase that would perform that service, yet they demanded my back mortgage money immediately. Here's hoping that the review of these mortgage "robo-signings" allow for a true review of the situation. Nobody wants to get a free ride, just something that is reasonable. And before any talks about "over-extending", I'm divorced so my income was significantly reduced...I shouldn't have to lose my home because of that.
Common sense

Gettysburg, PA

#12 Nov 7, 2010
Fakts wrote:
The smart thing to do is to not buy until you can answer this question with a "yes." Can we still afford our mortgage if one of us lost our job? Obviously the answer for them was no, therefore, they overextended themselves.
<quoted text>
If that were the case, no one would buy a house! We have faith going into a home not to ever experience a hardship of any kind, the hardships that affected everyone were economy driven which we can thank Wall street for! now gently put your head back in the sand, and pray you never experience a financial hardship.
does this make sense

Hanover, PA

#13 Nov 7, 2010
the house beside the nathansons was foreclosed earlier this year and this family left it trashed with a totaled car beside it... they are being let back in to move in. How can a family that left a house trashed and horrible for this neighborhood be aloud to move back in? This family stayed in the house until they were kicked out and didnt even try to make payments. The system is messed up.
common sense

Gettysburg, PA

#14 Nov 7, 2010
It is a sad situation but what is the bank supposed to do? Are they to say its okay you missed a payment just forget about it? How is it their fault the economy sucks? If you lose your job or get one that pays less how is that their fault? Thats the way life is if you can't afford your loan at anytime until its paid in full you default on your contract it's not their fault! We need to stop blaming everything on everybody else. How many people got mortages that maxed them out and now they can't afford it? Who's fault is it if they lose their home, car, or whatever?
Sorry is not enough

Newburg, PA

#15 Nov 7, 2010
I feel sorry for this family I really do, however I wonder if they support the Pelosi\ Obamba agenda. All this money Barney Frank got for Fannie Mae and not one american has seen any of the money. Maybe he should have stayed in liberal Maryland.
Common Tater

Hanover, PA

#16 Nov 7, 2010
common sense wrote:
It is a sad situation but what is the bank supposed to do? Are they to say its okay you missed a payment just forget about it? How is it their fault the economy sucks? If you lose your job or get one that pays less how is that their fault? Thats the way life is if you can't afford your loan at anytime until its paid in full you default on your contract it's not their fault! We need to stop blaming everything on everybody else. How many people got mortages that maxed them out and now they can't afford it? Who's fault is it if they lose their home, car, or whatever?
Little bit harsh....it's not the person's fault either...the banks were given money for this reason, so they can help with loan modifications to keep the homeowners in their home and work out a payment plan for these trying times. What has happened is the banks found every excuse not to pay so they can foreclose and still make more money. It doesn't excuse those homeowners that are not even trying to pay the bills and are still buying 'extras' they can't afford...but the ones that are really making the effort and faxing all that paperwork 15 x really do deserve some attention. I think you are under the impression that they write off the loan somehow...they don't- they are just given longer to pay or a reduced interest rate to help them through. Have a little compassion-- it may be you one day.
MPO

Hanover, PA

#17 Nov 7, 2010
common sense wrote:
It is a sad situation but what is the bank supposed to do? Are they to say its okay you missed a payment just forget about it? How is it their fault the economy sucks? If you lose your job or get one that pays less how is that their fault? Thats the way life is if you can't afford your loan at anytime until its paid in full you default on your contract it's not their fault! We need to stop blaming everything on everybody else. How many people got mortages that maxed them out and now they can't afford it? Who's fault is it if they lose their home, car, or whatever?
If the bank raise interest and fee that the house was no longer affordable!
Stumpy

Brooklyn, NY

#18 Nov 7, 2010
FORCLOSURE IS THE RESULT OF TWO PARTS. Banks lending people money for homes they could. not afford and made the people what you call house broke. They even had to include peoples part time jobs as an income to qualify. Next people accepting the loans so they could get their dream homes at a young age. Than their taxs went up 30 dollars. a year and they cried they can't afford it. I am sorry but I waited until my mid 3os to buy a house to make sure I had adequate down payment. Today you can go by homes owned by young people and see 2 new cars and a boat orcamper in the driveway with payments of 2000 plus a month where do these people work.
MJ57Jam

Carlisle, PA

#19 Nov 7, 2010
Common sense wrote:
<quoted text>
If that were the case, no one would buy a house! We have faith going into a home not to ever experience a hardship of any kind, the hardships that affected everyone were economy driven which we can thank Wall street for! now gently put your head back in the sand, and pray you never experience a financial hardship.
"Common sense" this is not. There was a time when people knew they had to plan for emergencies like losing a job or a serious illness in the family. They waited to buy a home until they had a cushion they could rely on in times of hardship. Nowadays, if we make enough money each month to afford a mortgage payment, we think its time to buy. Thus, when living paycheck to paycheck should not be time to buy a house. Blame it all on Wall Street? Or how about the loan industry approving people who will lose everything if a hardship occurs?
MJ57Jam

Carlisle, PA

#20 Nov 7, 2010
Stumpy wrote:
FORCLOSURE IS THE RESULT OF TWO PARTS. Banks lending people money for homes they could. not afford and made the people what you call house broke. They even had to include peoples part time jobs as an income to qualify. Next people accepting the loans so they could get their dream homes at a young age. Than their taxs went up 30 dollars. a year and they cried they can't afford it. I am sorry but I waited until my mid 3os to buy a house to make sure I had adequate down payment. Today you can go by homes owned by young people and see 2 new cars and a boat orcamper in the driveway with payments of 2000 plus a month where do these people work.
Exactly, Stumpy. I know lots of people w/pretty good jobs who have a giant house, a couple vehicles, maybe a boat, take a couple trips every year, have several credit cards & several kids. They think they are doing great. Of course they have NOTHING in the bank, are poorly insured, are living paycheck to paycheck. They will be completely screwed if a job is lost or cut back or someone in the family becomes ill. It has become the American way.......the evidence is in the posts.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 3
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Foreclosures Discussions

Title Updated Last By Comments
Paulson seeks rest of bailout (Dec '08) Sep 28 Swedenforever 12
Bank Of America Improves Foreclosure Image (Oct '12) Sep 23 Across the Ocean 4
How Fannie Mae And Freddie Mac Were Saved Sep 21 jmyers 1
Maps Illustrate Mortgage-Lending Boom and Bust ... Sep 19 Zombie Corpse Rental 1
With no place to go (Apr '11) Sep '14 Carly Winegarten 191
Home foreclosures continue to rise (Apr '09) Sep '14 slipping housing ... 3
Florida AG and lawmakers commit $260M bank sett... (Nov '12) Sep '14 williamscharles71 3

Foreclosures People Search

Addresses and phone numbers for FREE