Nationwide Advantage Help Please

[Joel Fraser]

Hey everyone, my name is Jenn. I'm so glad I found this site, and have already learned a ton. Here is our story. We bought our first home last April of 07. Everything went pretty smoothly, although we were extremely confused by the selling of our loan, by the numbers etc.. We were so new to this and really trusted our agent and the broker..They assured us so often about the house and the loan itself, to where we finally felt comfortable, that is until after we signed the papers, but thats a different story. In February 08 I lost my job. I was an independent contractor, and the company I worked for was losing work due to the economy so they let a bunch of us go, and of course we cant draw anything from them. In May of 08, we were unable to pay our mortgage, and now we are as of Oct 1st, 6 months behind. We kept in constant contact with the mortgage company, sending in packages, and paycheck stubs etc. Finally in August they offered a forbearance agreement. Well here is my problem, this would not bring our loan current, so how am I to know if we did the forbearance that they wouldn't foreclose anyway? And if I had 1k bucks for the next 3 months, I wouldn't be behind in the first place! In Aug/September by husbands hours were cut back he is in the recycled steel and aluminum bus.. and because the economy crapped out, so did their buss. but now they have picked up again and he is on a salary. I explained this to Nationwide and they didn't seem to care.. it was, make a payment by Sept 30 or lose your home. I called Hope now, they guy basically said, ok, ill try and contact the lender, in the mean time, you try and add $600 to your income, and lower your grocery bill. Well we lowered almost all of our bills, but I have yet to find a job. Nobody is hiring, I have two kids I can not put in daycare, because the cost of that would be pointless. We received a letter Saturday in the mail from Nationwide stating they had received our budget and financial form (I assume from Hope now b/c I have not sent another one) and to fax our paycheck stubs within 48 hours.. well the letter was dated 9/17 and the letter is post marked 9/23!!! I faxed them what they needed this morning, but who knows if they will accept it. What I have asked for is a loan modification so that we would be able to afford our home! I understand we pay have to give up our home, a place we and our children love, that breaks my heart, but if thats what happens, then so be it, but We are TRYING everything we know to do, to work with Nationwide and it seems we are hitting a brick wall! Thank you all for listening and I look forward to any advice anyone may have!