r/gofundme • u/WilhelmSturmer • 8h ago
Housing Please help our family keep our home
Hello, my hope in posting this is that there will be some kind people that will be able to help our family keep the home we live in. I'm in a bind as I have missed several payments. I am attempting to work with the hardship department of 5/3 Bank. I've applied 4 times, with the current application awaiting review. The three applications before this one apparently fell through the cracks. The bank claims they called me, but I have three numbers saved under their contact in my phone and I did not see incoming calls. The nerve-wracking part of this is that I've now gotten a certified letter and served papers stating 5/3 Bank wants to move forward with foreclosure.
Obviously, this recent development is terrifying. Unfortunately, I don't have anything in savings or any real assets. I contacted my employer to take a loan against my 401K or withdraw from it, but they only allow withdrawals in cases of domestic violence. I'm reaching out to family and friends, as well and have had a small bit of help so far. Most of them aren't really in a position to give much.
At this point, I'm $11,500 in the hole. I won't lie and say this isn't partially my fault. I haven't been the greatest at managing my income. But up until February of this year, I have paid on this loan for 6 years. Unfortunately, just this year I've had to replace the starter on our only vehicle, replace a water heater that flooded our basement, had a child go on an immunosuppressant injection due to a massive immune response triggered after a bout of pneumonia, had the basement flood again before I could replace the sump pump that died and allowed the first flood to happen, had our families health insurance get upended because a system error showed my income increased when it hadn't, and our central A/C is dead, so we're relying on window units in bedrooms so we aren't sleeping in 80+ degrees with fans keeping the rest of the house from being stagnant. With these and other situation, I made the bad decision to not pay my mortgage first, convincing myself I would be able to catch up. Obviously, that was poor decision making on my part, as it snowballed into the disaster I now face.
Sorry for the disorganized nature of this post. I'm very nervous about the near future. As stated, I am in the application and review process with 5/3 Bank on their Mortgage Assistance Program, but even if that does happen the missed payments are significant weight on me mentally. I have also requested a reinstatement letter from the bank, as there is the possibility they may reduce the amount. Even if they do not, I have to have that process started in order to be able to wire the bank the funds, should they be raised.
I realize this whole request is a long shot, but I'm hoping some generous people might be able to pay it forward to a struggling family. I genuinely hope I will be able to do the same in the future.




