The Short Sale on the house just got put on hold. My realtor is furious and blaming me for providing her with wrong information. I was told everything was a go a few weeks ago, then someone from BofA called my realtor and said she couldn’t list the house. Now the realtor has to pay a fine because she’s already listed the house on the MLS.
Plus we owe some $3000 in fees, dues, and fines or the HOA will take us to court. I called the lawyer today and talked to a secretary who made it seem like it was no big deal. We just complete a simple Stipulation–basically a payment agreement. When I got to the guy to discuss the stipulation he explained if we can’t pay the $3000 all at once, they will take some $400 per month until the house is sold. The HOA already has a lien on the house and will get their money when the house is sold. I calmly explained to the lawyer I couldn’t afford more than $100 per month. They said that wouldn’t suffice. I said I was sorry, but we couldn’t afford more. They said if I couldn’t make ‘acceptable’ payments the suit will go forward. I said, it wouldn’t make a difference, we can’t afford to pay it. They said the judge will then place a judgement against us. Which from my understanding is usually double the actual requested amount. Thus we would then owe more than $6000. I laughed and said that paying that would just be more impossible for us. So stupid! If I can’t afford to pay you $500, how can I possibly pay you $6000. I’ll have to call a lawyer for help and that won’t be cheap!Have you ever been so sorry for doing something? Buying that house was such a big mistake! But I didn’t know I’d have a breakdown and have to leave my job only two years later. There is always so much more to a story, right? The human story that financial institutions and lawyers are hard wired to ignore the human aspect of a situation. They are acusatory in their tone, nu-apologetic at their approach with you. As far as my bank and HOA can see I bought a house I couldn’t afford and I should be punished for becoming disabled. Today I feel like my life is taking a very negative turn and I am glad I have an appointment with a shrink next week. I hope he can recommend a good therapist.