Homecomings wouldn't help until we default!

[Joel Fraser]

This has become a nightmare! My husband got a much better paying and stable job, and we needed to relocate 450 miles away! Our house went up for sale immediately, in hopes of selling it. We then moved and leased another home in new town, and asked Homecomings what we can do to reduce the mortgage, as we can not pay for both homes much longer. FIRST, they said they would not discuss anything with us as were current on payments!!! HA! We get punished for paying our mortgage on time!!! And that we had to default before they could help us!!!!!! :( That was 4 months ago, and we have defaulted 2 months now. They said that our beest option is to try a short sale. We had 2 offers and both wer too low for bank to except. I am sooo sad that our credit is now ruined, and that our house is still sitting there empty and waiting for the foreclosure notice. They said it is on hold for now, and they will give us time to try and sell. We NEED to buy another home at some point, and can not imagine being renters for the rest of our life. We have given any equity we could have made away, and now have terible credit. IS THERE ANY HOPE FOR BUYING A HOME AGAIN SOON? How in the world did we end up like this? We had never been late on a mortgage in 15 yrs, and now are having remorse that we let them tell us that we had to default first for help, and now we are just sitting here waiting for nothing!!!!!! At least if they would foreclose NOW, we could start the credit time that it will be on our reports for, insteadof losing time. How long is a short sale or foreclosure on your credit report for???I am so sad and devestated!!!!!!Thanks for reading and for any responses!~KC in Caliornia