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Hi everyone....my user name says it all

This is a topic titled Hi everyone....my user name says it all made in the Home Mortgage section, belongs to our Mortgage Chat category; I am a MIA ARM Sucker......well I purchased my home in Miami for 305k with a 2yr ARM, since I purchased at the top of the market, and the ...








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Old July 29th, 2008, 11:51 PM   #1
Joel Fraser
Senior Member
 
Registered: May 2008
Posts: 907
Default Hi everyone....my user name says it all

I am a MIA ARM Sucker......well I purchased my home in Miami for 305k with a 2yr ARM, since I purchased at the top of the market, and the market is down, I am now upside down in my house, my house now appraises for 260k...nice huh? My mortgage is currently 2400 a month.....and we are totally overextended....our bank, HSBC gave us the run around about a Modifiation for 6 months then declined us....My mortgage adjusted up about $500....I dont know what else to do....a friend of mine told me about this site...glad she did, you guys think I can tap into your infinate wisdom? Please:o....any and all help is appriciated Thanks :)
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