I applied for the Obama Loan Modification and found out that I did not quality even though my house payment is 55% of my net salary. My mortgage payment is already at 31% of my gross. I'm supposed to afford all of my other expenses on 45%of my net. How did I get into this mess?

My title company and realtor misrepresented my mortgage payment by under $350 a months because they did not figure in the proper amount of escrow for real estate taxes. I had no recourse under title insurance to sue them because they made a mistake. I got stuck with the elevated payments. The second salvo is rapidly shrinking home values in California. We cannot sue the realtors for that either.

I figure there are many stories out there that are not being told. I've written to President Obama twice and have not heard a word. I thought if we collect all of our stories on this blog, he cannot ignore us and he will change the requirements.

For one thing, for homeowners in distress they should be figuring the 31% on the net not the gross. We are taxed to the max. Politicians are trying to grow the economy through taxes while taxing us to death.

Post your letter. The more letters, the better. Make sure you post a way to contact you so the letter appears valid and not just a spam.

If you would rather email me directly: kissphotographics@yahoo.com