Saxon Loan Mod

[Joel Fraser]

My mortgage originated with ASAP mortgage then immediately sold to Novastar then to Saxon mortgage. I believe I have a subprime loan. I don't really understand what went on when we bought the house. We bought the house for 500,000. Payments are 3,223.00 a month. Interest is 7.3/4. and will readjust Jan. 2009 at possibly 14%. At that time we will be paying over 4,000 a month. This was a No Doc loan or stated income loan.My husband and I was not at the closing but one of my children had power of attorney but she had no idea what she was getting into. We were trying to buy the house in N.C. and we were living in Ohio. I was operated on for a malignant brain tumor in 2006. I wanted to move to NC so I could be closer to my two grown children and closer to Duke University Henry Tisch Brain Tumor Center in Durham NC. I have talked to Saxon, Hope Now, local agencies to no avail. When I talked to Hope Now they just set up a budget even though we are not behind in payments Saxon said there is no way we can modify because we wouldn't have enough income to pay the mortgage when it readjusts. If my story sounds disjointed and out of sequence because I had a brain tumor on the left head of my head that effects speech and motor skills. I stutter on the phone so it may be why Saxon and everyone else thinks I am crazy but I have good sense but sometime I can't understand everythingThere is a lot more to my story but I need to write some things down in sequence about how I got to this place and but I will have to continue some other time because this is hard to talk about. Again, we are not behind in payments but we are having a hard time with medical bills and high gas prices going to doctors all over.Any advice would be appreciated. Should I let go?