private foreclosure
My home went into foreclosure, I have called over 30 lending services and no can help me there must be a way?
In Jan 2006 i came down with a on going illness that forced me to apply for Social Security Disability which I finally was aproved for this month.From Jan to April 2006 I was able to keep up with my mortgage but in June my home went into foreclosure. I have called at least 30 banks and private lenders and the minute I mention foreclosure that is it. No one is willing to give me a chance. my home is valued at 185000.00 and I owe 125000.00. You would think that I could get some kind of help with borrowing 125000.00 on a home worth 185000.00 but when the word foreclosure is mentioned thats it, sorry I can’t help you over nd over . anyone know of any one that can help me out. I can’t afford hard money lenders as the intrest they charge put me way over my budget (10-15% intrest) I have worked hard all my life and it just kills me the thought of loosing my home all because of a little hard luck this year.
Sell your home quickly and walk away with the $60,000 equity in it. $60,000 is better than nothing, which is what you will get if you wait any longer.
Have you tried to get a HELOC? You could take out money from that and pay off your arrears to get yourself out of foreclosure.
