trapped in HSBC hell

[Joel Fraser]

Okay we were suckers. We got into this loan with 2 years at 9.85% then after 2 years adjustable every 6 mos. Of course we thought we have 2 years to mend our credit and get a desirable rate. Didn't happen. I had 2 consecutive miscarriages with many ER visits due to hemorrhaging, ambulance ride, many tests, dr visits, etc. Needless to say the bottom fell out. My husband works commission this economy has dropped his income $18K/yr. No one can afford to fix their cars so they drive them around with damage which cuts my hubbies pay. So our loan adjusted to 11.85%. Then it keeps going up now 12.85%. So we call HSBC and ask for help. Of course they want a "qualifying" payment. So now we go to NACA, where we are given lots of hope, but.....we have been working with them since 11/2007 with no solution yet. We are currently in the so called 6 month loan mod with HSBC. I called them and tried to get a permanent mod but of course they don't do that. I had been told by more than one collector to get another job, cut back, sell the house, etc. So we checked on BK which doesn't really help with mortgage situation, we are current since we have been in mod plan. HSBC hasn't been helpful (shocker). I am losing hope for NACA. I have heard they do good things but its been almost 9 mos and we know nothing. So I guess my question is should we walk? I would think HSBC really doesn't want our house there are many for sale in our block that have been on the market over a year. What are we supposed to do? Some days I am ready to give up other days I am ready to fight. We are also behind on property taxes which we thought were added into loan and we found out a few days before closing weren't added. I should have ran but we were so hyped about our house we thought we would come up with the 1800/yr. Any advice?