My best friend is about to lose her
house. She had lived in this house with her husband and their four children
since 2001. They have made this house their home for almost 15 years, and to
see her on the verge of losing it is heartbreaking.
The education provided by Arizona
State University in the field of public policy and public affairs is extremely
helpful especially when one is putting that to the ultimate test. The entire
mortgage contract was read, and re-read to be completely understood of its
entirety. My best friend and her husband are eligible to apply for loan
modification. That may seem so easy to do at first until the frustration began.
The accounting practices, the banking habits, the filing system, and even the
house payments records or receipts were non-existence. The vexations level
accelerated even further when my best friend’s husband kept rumpling away with
things that didn’t even make any sense at all with the application for a loan
modification. To put this lightly, one really wanted to tell him to shut it up.
The application form was completed,
the IRS Form 4506-T was filled, profit and loss statement done, letter of
hardship typed and printed, bank statements compiled, utilities statements
bunched together, and immigration residency photocopied and put together with
everything else. All these documents
were over-nighted to the second party that handled this house loan. Five weeks,
four customer services representatives, and 5 financial managers later the
ongoing frustrations escalated. This family couldn’t afford an attorney and an
accountant, and they are relying on the due diligence of the student.
Four faxes and uncountable emails
with numerous phone calls – the ongoing frustration has heightened that I am on
the edge of giving up. I love my nieces and nephews and for that reason alone I
can do this, and I think I can see this through despite the frustration.
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