Same crap happened to us after we paid our 6 year new home mortgage on time for 4 years until I lost my job and was unemployed for a short time which caused me to be a "slow payer" and get behind. When I regained employment, the stock market downturn hit and since I was behind on everything else, I had some major financial catch up to do so I submitting tons of paper work to the lendor multiple time via FAX per the preference - they don't offer alternatives and they kept telling me they didn't receive my info. I performed every step they asked me to on several occassions over the course of a year and they kept offering me higher and higher payments. When I researched the Obama Affordablity Housing program and learned I pre-qualified, National City disqualified me stating the investor didn't participate - but clearly their website said I qualified. And getting a hold of them was very painful...long minutes on my personal cell phone during lunch hours at work almost daily...for weeks on end only to get no answers. Now, I've racked up my attorney fees, cell phone charges, my time, and obvious personal stress, which I should bill THEM for! Now I'm going to be forced to leave, have a crappy credit record for a short time, have to rebuild after I poured my sweat and blood into my home ownership. I've also tried credit counseling, attorney's advice, a realtor to sell the home, and almost got scammed by a company that wanted me to pay them to buy the house - later I found they were on the Attorney General's office Most Wanted List.
I don't know that I'll ever trust buying a home again. The advantages of renting a house, which I've recently secured from a private realtor, is so much more appealing now.