[The Green Fairy]

foreclosure? 3 months ago my husband and I bought our first house, it wasn't a very expensive house (about 175,000) and our payments are very reasonable ( about 1300 a month) we were thrilled, we love our home.Well last week my husband's supervisor held a meeting telling everyone the department needed to cut costs. Several days later she charged my husband with a HIPAA violation (he works at a hospital, it's a long story, but my husband was told by his manager that he could compare an MRI and an EEG for educational purposes to understand physical causes of seizures, now because he cross referenced he's being charged. If he is fired we WILL be appealing it.)Anyway we're scared to death that he will be fired. We don't want to lose our home. We have excellent credit. Our lender is Bank of America. Do you think that there is anything they might be willing to do to help us keep our home? If my husband loses his job and we contest it I think that we'll probably qualify for 1800 dollars a month unemployment(at least that was the impression that we got when we spoke with the unemployment office). If we don't we do have a 10,000 emergency fund. But we're really worried about not having the funds to pay our mortgage. Can anyone help us or give us advice? We're worried sick.ThanksWe actually have very good credit. We put 8% down when we bought our house. My husband makes about 50k a year, and our interest rate is set at 5%. The unemployment office said that if we qualified for unemployment we would qualify for the highest amount which is 1800 a month. That is where I got that number. We have a 10,000 dollar emergency fund. I am a stay at home mom with almost no education. It would cost more to put my baby in daycare than I would be able to make working. I also have a severe pain condition that would make it very difficult for me to hold a job.

[Age of Reason]

Do not call lender till you are sure he is out of work, no sense tipping your hand too soon.You could get a job or two. The lender will not be willing to negotiate since your loan is too new.

[TheCAG]

You may want to get a bit more education on your options before you walk away or do anything with the bank. I know this is frustrating and you want to give up because you think there is no end in sight. I promise you that NO does not mean NO! The consumer Advocacy Group prides themselevs on keeping the homeowner in the home and fighting the housing crisis. We offer free education in various ways! We may even be able to provide assistance. We are one of the only Not for Profit organizations in the country working directly with lenders and borrowers to renegotiate the terms of your exsiting loan. We have been around for 8 years now. Want more information check out our site consumersforchange .org or consumeradgroup .com you can even contact me directly at 702-478-5369 ex 208 or dhoffman@consumeradgroup .com we are able to help people all over the country