State of VIRGINIA
Here's the short of my story:
I'm still a rather new home buyer, having purchased my first home in October 2008. In September 2009 I had the attic insulated with blown in fiberglass. When the contractor insulated he blocked off all attic ventilation and the entire attic became a wonderful petri dish for toxic mold to flourish. My wife became very ill due to allergic reactions to the high levels of Aspergillus mold spores which were present in the home. Under doctor's order we had to get out of the house.
December 1, 2009 we moved out and had to destroy most of our personal property because it was contaminated with mold. I have not been in a position (financially) to be able to pay both rent and the mortgage on the home and thus have made no mortgage payments since leaving the house.
The bank has record of this story in writing but is indifferent to the reason for my not paying the mortgage. I filed two separate claims with my homeowner's insurance - one for mold and the second for faulty workmanship. Both were immediately denied on grounds of policy exclusions for both mold and faulty workmanship.
My credit is going down the drain fast and I believe foreclosure is imminent. Anybody out ther have any advice? Thanks for reading this long post.
By the way, I have hired an attorney to sue the insulation contractor, although that process has made little to no progress since I first met with the lawyer in December.
Questions:
What can I do to make the foreclosure easier on me and my credit?
Can I expect the bank to sue me for deficiency after they are unable to sell the property for half of what I owe?
Here's the short of my story:
I'm still a rather new home buyer, having purchased my first home in October 2008. In September 2009 I had the attic insulated with blown in fiberglass. When the contractor insulated he blocked off all attic ventilation and the entire attic became a wonderful petri dish for toxic mold to flourish. My wife became very ill due to allergic reactions to the high levels of Aspergillus mold spores which were present in the home. Under doctor's order we had to get out of the house.
December 1, 2009 we moved out and had to destroy most of our personal property because it was contaminated with mold. I have not been in a position (financially) to be able to pay both rent and the mortgage on the home and thus have made no mortgage payments since leaving the house.
The bank has record of this story in writing but is indifferent to the reason for my not paying the mortgage. I filed two separate claims with my homeowner's insurance - one for mold and the second for faulty workmanship. Both were immediately denied on grounds of policy exclusions for both mold and faulty workmanship.
My credit is going down the drain fast and I believe foreclosure is imminent. Anybody out ther have any advice? Thanks for reading this long post.
By the way, I have hired an attorney to sue the insulation contractor, although that process has made little to no progress since I first met with the lawyer in December.
Questions:
What can I do to make the foreclosure easier on me and my credit?
Can I expect the bank to sue me for deficiency after they are unable to sell the property for half of what I owe?
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