Rough Week?

By | drama, hazards to my well-being, not ruling at life, take me away | 2 Comments

My mortgage company is a bunch of freakin’ liars, the zipper’s broken on my white eyelet dress, I’m pretty sure I’m desperately in need of an intelligent lawyer, and my car’s got a bunch of black rubber scuffs all over the side of it from a teensy little incident that happened on the road today. Oh, and my friend Michelle’s pet lobster died.

I think I need a little Jimmy Buffett in my life.

In other news, a few months ago, I kept getting all these dumb canker sores in my mouth. And I seriously couldn’t tell if they were from drinking orange juice or being stressed out. So, I stopped drinking orange juice, and I stopped getting stressed out…and they completely went away until this weekend, when I drank a whole bunch of mimosas and got super stressed out. And now I’ve got another stupid canker sore, and I still can’t tell if it’s from orange juice or being stressed out. And while this certainly isn’t quite as traumatic a catch-22 as most things, it’s still super annoying. And my mouth hurts.

A Number of Ways I Don’t Recommend Spending Your Day Off

By | drama, hazards to my well-being, lists, mele the kitty, not ruling at life, you might learn something | 4 Comments

mele car 3222011

1. Don’t start your day off taking your cat to the vet. Especially if said cat a super-psychotic about riding in cars, meows like a tortured cow, escapes from its cat carrier, and winds up sitting on the dashboard while you’re trying to drive. This is not an appealing way to kick off your day. Try something else — like enjoying coffee and a crossword puzzle while basking in the sunlight at a clean patio table.

2. Don’t waste your day off watching Les Misérables on the couch with your cat. This might seem like an effective use of your time (since your poor cat has been traumatized and is now extremely lethargic and pathetic as the result of an aspirated cyst and a rabies shot), but it’s not. Instead, opt to partake in some physical activity like running, yoga or dancing around the house with your vacuum.

3. Don’t spend an hour of your day off getting caught up in the drama of your water being wrongfully turned off by the city. Even though the city has already deducted your payment for the water from your bank account, they are not going to turn it on until you pay it again (plus a $20 fee to reinstate your water service, plus a $4.95 fee to pay online with a credit card, plus a $1.50 late fee). Making your payment means nothing because the city kind of has a monopoly on providing water. Just accept the fact that the city is a bunch of lazy bitches who can’t seem to process payments in a timely manner. Your payment was a little late, so you probably deserve having your water disconnected. (Actually, no…I completely disagree with that statement). Instead of doing this, just relax, light $20 on fire and indulge yourself in an afternoon margarita (or three).

4. Don’t take a day off to have a filling replaced at the dentist. Especially if you have any suspicions that the dentist might have trouble getting the new filling right on the first try. After you’ve endured the escaped cat, Les Mis, and the water fiasco, learning your dentist needs to re-drill out the filling after you thought you were all done might just send you over the edge. You know? As an alternative, you might try getting a massage or a facial. Dentist appointments are just not as enjoyable as those things.

5. Don’t drug yourself on your day off. Even though you Googled an allergy medication that was given to you three years ago to find out it was once used as a mild sedative in dentist offices in the 1950s…you shouldn’t purposely medicate yourself with something that you know will make you sleep for four hours on your day off. You’ll wake up at 6:30 p.m. feeling like you wasted your entire day and wishing you’d done some laundry instead. Then you’ll stay up too late and wake up the next morning wishing you had yet another day off to do your laundry, vacuum, work out, pick up your dry cleaning, and go to the eye doctor.

You understand this is not an ideal way to enjoy a day off work. But, hey, if you do ruin your day off doing these things, at least you’ll know that your cat is not, in fact, going to die of a cancerous neck tumor. And you won’t have to pay next month’s water bill once your payment (from last Thursday) finally posts to your account. And you won’t have to go back to the dentist for at least six months, so that’s exciting, right?

mele car 2 3222011

This crazy trip has got me feelin’: burnt out
And I’m singin’ along to: I’m Just A Kid – Simple Plan

Why Fannie Mae Would Rather Foreclose On My Condo Than Let Me Refinance

By | bills, condo, drama, financial wisdom, hazards to my well-being, mortgage, not ruling at life, top notch communication blunders, you might learn something | 2 Comments

Okay. I’m seriously over this crap with the mortgage. If you don’t know the story by now — let me get you caught up: Bought the place in 2006 with a friend. She moved out and got married. We’ve been renting out her room. Interest rate is ridiculous because we financed 100 percent. I’m trying to refinance the condo into my name only because she wants out. We’re underwater, and we have private mortgage insurance (PMI) on our current loan. Mortgage company encouraged me to apply for a short refinance. Did everything they said (even though more than half of what they said was completely screwy). Argued with them for five months before they gave me a final response. This is what happens next.

They said no. Want to hear why? Because we’re current on the loan. No late payments. But here’s the best part. LBPS wants to file a claim with the mortgage insurance company, and they won’t submit my short refinance request to Fannie Mae for review until the PMI company agrees to pay the claim. And the mortgage insurance company has a strict policy that they don’t pay claims on any accounts that are less than 60 days past due. And LBPS has been aware of that policy since January 2010, but they still encouraged me to pursue this option.

Guess what else. If we fall 60 days past due on our account, I’m pretty sure I’m not going to be securing any decent financing on this condo. Basically, I’d be better off whacking myself in the face over and over with a frying pan than even bothering with these idiots anymore.

I decided enough was enough. I went over LBPS’ head and spoke with Fannie Mae directly. Want to know what they said? Want to know what Fannie Mae (who received $200 billion in bailout money) said to me? Wait. Let me tell you what I said to them first.

I said, “Here’s the deal. I want to give you all your money. I want to pay you. I understand that my condo was a bad investment, and I’m willing to cough up the cash. But I need to refinance. My co-borrower is going to end up filing for bankruptcy if I don’t. I’ve secured financing for 97.5 percent of the current value of my condo at a super-low interest rate, and I’m willing to sign a promissory note to pay the rest of it back to you over the next few years. But LBPS won’t send my documents to Fannie Mae for review because the PMI company won’t pay on the claim. Isn’t there anyone I can negotiate this with? I’m willing to pay you, so you won’t have to put in a claim!”

They said, “No ma’am. You cannot negotiate with us. You must go through your servicer, LBPS. We are not participating in the short refinance program. We do not forgive principal on loans with PMI because if we let the home go into foreclosure, we would collect on the insurance claim.”

Fannie Mae pretty much just told me that they’d rather let my condo go into foreclosure than work out a deal to let me repay them their freaking money. This is a joke, right?

I’m also pretty sure the exact words,”Then I guess you have no more options, ma’am,” came out of this woman’s mouth after I explained to her all the different ways I’ve attempted to rectify this situation since December 2008.

Keep trying to back me into a corner, Fannie. No wonder people walk away from their homes. The average American doesn’t possess the patience and/or mental capacity to navigate their way through this bullshit, but I’m dead set on refinancing this piece of property without screwing up my perfect credit score. It would be nice if you would help me out, but I’ll keep fighting you on it if you won’t. Got it?

This crazy trip has got me feelin’: irate
And I’m singin’ along to: F*ck You – Cee Lo Green

LBPS Strikes a New Low

By | condo, conversations, drama, financial wisdom, hazards to my well-being, mortgage, not ruling at life, top notch communication blunders, you might learn something | 8 Comments

Today, my mortgage company (IBM LBPS) really blew themselves out of the water. As you may know, a few months ago, I was working with them to try and negotiate a short refinance. To make a long story short, that was an epic failure. After four months of LBPS giving me the run-around and other lenders telling me they could approve me but not give me the proper documentation to show it, I’ve pretty much given up hope on the short refinance. I think what sealed the deal was this chat conversation that I had with Quicken Loans (LBPS’ recommended refinance experts!) last week:

Thank you for inquiring with Quicken Loans, we’re America’s #1 online lender and do business in all 50 states! Please hold while we connect you with the best suited Mortgage Expert.
You have been connected to James Springer.
James S.: Hello Lisa. How can I help you today?
Lisa: Hi, James. I have a current mortgage with IBM LBPS, and they recommended me to Quicken Loans. I am trying to work out a refinance with an FHA Short Refinance loan — do you have any loan officers that specialize in these short refis?
James S.: What do you mean by ‘short’ refinance?
Lisa: Have you ever heard of this program?
James S.: Ok. I need your full name, address, date of birth and social security number.
Lisa: I’m not giving you my social security number through a chat window.

Really? Really.

So, on to my next few options. I did some research on more of Fannie Mae’s options for upside-down borrowers, and I actually found a pretty attraction program called Home Affordable Foreclosure Alternatives (HAFA). HAFA is an extension of the Making Home Affordable options (HAMP and HARP), neither of which will work for my co-borrower and I. HAMP is the Home Affordable Modification Program, which modifies eligible borrowers’ loans to make monthly payments more affordable. HARP is the Home Affordable Refinance Program, which enables eligible borrowers to refinance up to 125 percent of their property’s current value at a lower interest rate. Unfortunately, borrowers with private mortgage insurance (PMI) on their loans only qualify to refinance 95 percent of their home’s value under HARP.

HAFA offers three additional options – a short sale, a deed-in-lieu or a deed-for-lease. All three of these options are potential contenders because all three will get the loan out of my co-borrower’s name. Although, they’ll all get the loan out of my name, too, so it looks like I may be moving soon. (Closer to the beach, of course.)

From what I can tell, the HAFA options are a little more borrower-friendly than their traditional counterparts. Normally, short sales can be tricky and involve lots of delays and last-minute negotiating once an offer is made on the property. For instance, a lender won’t even really review/approve a traditional short sale until the property is listed and the seller receives an offer. In the meantime, the lender can begin foreclosure proceedings if the homeowner isn’t staying current with their payments. Plus, in states like Virginia, the lender may pursue a deficiency judgment for the difference between what is owed on the home and what the home sells for. Same thing with a foreclosure or a deed-in-lieu. That makes these options much less attractive in my state than they may be in other states.

HAFA takes a little more time up front, but the end result seems a little more defined. In order to qualify, the borrower must be reviewed and either approved or denied for HAMP. That can take 30 to 45 days, but once approval or denial is granted, the borrower can request to go the HAFA route for a short sale, deed-in-lieu or deed-for lease. It sounds like lenders will have a borrower at least list the home and try to sell it before allowing a deed-in-lieu, but if the homeowner wants to stay in the home, they’ll offer a deed-for lease. A deed-for-lease means that the borrower signs over the deed to the lender and then rents the property for the going market rate from the lender for a set amount of time. That sounds kind of interesting, huh?

The biggest difference I can see (and keep in mind, I’m not an expert on these things — this is just my full-time hobby) between traditional short sale/deed-in-lieu transactions and HAFA options is that a lot of the terms seem to be negotiated up front for HAFA. Like there’s no deficiency judgments — the lender can’t pursue any money or promissory notes after the closing. Also, the probability of the sale actually closing is much higher, and the seller even leaves the transaction with up to $3,000 in relocation assistance at the end of the deal. This Bank of America PDF about the program actually has a really comprehensive comparison chart on page 9 if you want to check out the differences side by side.

So, you can imagine my astonishment when I called LBPS over the weekend and inquired (of one of their short sale specialists) what the difference was between HAFA and a traditional short sale, and she had the audacity to tell me, “Nothing, really.” Oh, really? Okay.

You can also imagine how appalled I was when I called LBPS twice today and was told, “We don’t do HAFA short sales here.”

“You don’t?”

“No, ma’am. I just asked my supervisor. We don’t do those.”

“Well, that’s interesting. Do you have Internet access?”


“Okay, why don’t you pull up this website: Do you know what this is? This is a letter from Fannie Mae to every single one of their servicers. It says you were required to implement this program by August 1, 2010.”


“I dare you to tell me again that you don’t do these. Now transfer me to someone who knows what the f— is going on in the freaking mortgage industry these days.”

So, yeah. Story of my life.

This crazy trip has got me feelin’: frustrated
And I’m singin’ along to: Be My Escape – Relient K

A Letter to the Governor of Pennsylvania

By | breaking news, drama, extreme sports, games, hazards to my well-being, new jersey, political views, posts in the form of letters, top notch communication blunders, weather, you might learn something | 4 Comments

Dear Governor Ed Rendell,

You’re an idiot. Was it just that you had nothing else you could possibly do other than watch football on Sunday night? Sounds like you’ve scaled your social life to about the same level as my neighbor who rifles through trash bags on Tuesday afternoons.

As an elected public official, I would think that the safety of the general public would at least cross your mind before you start calling your country a “nation of wusses” and comparing us to the Chinese, who, according to you, can march to football games in blizzard conditions while doing calculus. (Note: Marching because if they can concentrate on sports and calculus at the same time, then I’m assuming they’re smart enough not to drive in white-out conditions.)

The thing is, Ed, we’re not a nation of wusses. We’re a nation of fearless, bumbling morons in pickup trucks who like to drink beer, go shirtless in the freezing cold for football, and drive in f-ing blizzards. So, people like the mature, intelligent mayor of Philadelphia are forced to make unpopular decisions because if given the choice between staying home or driving to a game in the snow, nine times out of ten the “fans’ choice” (as you put it) would be the wrong one. And by getting on the road in a blizzard, those fans would be putting everyone else in danger.

Granted, a majority of the snow didn’t fall in Philadelphia (only a foot!), but everywhere east of there was pretty much pummeled. The Eagles are cool enough to have fans in New York and New Jersey, right? Or maybe even Delaware? There’s nothing going on in that state, so you’ve got to have some fans down there.

My point is this. One of the contributing factors to the lack of plowing going on around here is that there are abandoned cars blocking all of the major roadways. Plows, ambulances, fire trucks, emergency vehicles have been unable to navigate their way to where they need to be for going on 48 hours now, but people are still getting in their cars to drive around, and people are still getting stuck in some places. Do you see the problem?

Think before you talk, Governor. If the mayor of Philadelphia was able to keep even 5,000 measly people off the road on Sunday night, he did the right thing.

To the Eagles and their fans, I’m sorry that Tuesday’s game was a disappointment and you lost, but seriously? I don’t think you wanted to play/attend that game in that snow either. Right?

Anyway, to sum things up, I’m pretty much glad I don’t live in Pennsylvania because I’d be super embarrassed to have my state name associated with yours these last few days. (Also because you have no beach there.) Maybe you should drive your car out onto the PA Turnpike, pull over onto the shoulder, and sit in it for two days. Then you might understand the importance of not driving in snow. (And also how crappy that dumb road is.)

Good luck recovering from this fumble.

A snowed in former resident of your neighboring state of New Jersey whose dad and brother spent 7.5 hours stuck on the side of the road in a car trying to get home from the NJ Devils game, which also should have been cancelled

P.S. In China, football is soccer, and it’s so poisoned with corruption, they’ve actually had to kick off a campaign to set it straight.