Does anyone know any resources that can help me pay the 3000 I am behind on my mortgage?

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I went through a divorce and my financial status is getting back on track, yet I just can’t seem to get caught up on the mortgage. I can’t take any other type of loan, unless the payment and interest was really low–and I can’t seem to qualify for a low paying loan or an additional credit card loan since I just got caught up on the one’s I already have. I can’t refinance because I’ve made many late payments this last year. I was told that I could ask for an eschrow spread , that might decrease my total payment, but you have to be caught up before they will consider you for that. I have no friends or family that can loan me any money (they are old and on fixed incomes or disabled) The electric is out in one room so I can’t rent a room out (at least at a price that would be of any help) I am so close to being caught up that I hate to have to sell or end up foreclosing, but that may be my only choice. I was just wondering if any one knew of any thing else to do.
I can’t get a second job, I am working every waking hour on the one I have. I know I am in the situation that I am in because of prior bad choice of my own, but I can’t go back and change what I did in the past, only learn from it and not repeat them. I am trying to get a higher paying job,or one that would allow me enough free time to get a second job but this may not happen quick enough, in at least enough time to prevent losing the house. And I am greatful for all the good things I have in my life, my health is relatively good, and although I have some other problems to deal with, that I won’t go into here, I know I have a lot to be greatful for. Is it wrong to seek a solution to a problem, even if the problem was caused by poor decisions in the past?

6 Comments
  1. Reply
    L.
    May 4, 2011 at 12:03 am

    Get a second job…waiting tables at night, or working in retail. It’s not anyone else’s problem to bail you out.

    Ok, thanks for the updated information. I just always am in the mindset that I am responsible for myself, so if I had to work 18 hours a day to make ends meet, I would. I agree with the poster below to call the loan company and see if they can work something out with you. They’d rather have you do that than default on the loan…especially with the amount of people going into foreclosure these days. I think his advice is good!

  2. Reply
    DJ B
    May 4, 2011 at 12:16 am

    I suggest you contact 888-995 HELP. This is a HUD approved credit courseling service. Don’t lose your investment to foreclosure, you might be able to work something out with your creditors.

  3. Reply
    frankie b
    May 4, 2011 at 12:49 am

    Have you called the bank and explained your hardship? If you are only 3k behind they will probably let you tack that on to the end of the loan and start fresh. I believe they call it a forbearance. When you call then don’t be scared, they do not want to foreclose and they want to work with you. Soon as they answer ask for the loss mitigation dept. If they ask if they can help say no and insist on talking with that dept, they are the only ones who can help you. Do not take no for an answer, and if you cant get a yes hang up and call back in 8hrs, be persistent and someone there will help.
    Good luck

  4. Reply
    madhu s
    May 4, 2011 at 1:18 am

    Have you ever thought like this…you can source out any other property owner who might own a slightly smaller property and is willing to exchange it with your property and the difference can be settled on a mututal basis. The diffenence can get you going in a better way and probably start a small buisness and your life can take off, and you never know if things work well for you, your might be albe to buy another property some years down the line.

  5. Reply
    Big Bully
    May 4, 2011 at 1:19 am

    You single now, so go out and find a electrician to date. On one of the dates have him fix the electric in the room. Once the room is fixed you can now rent the space.

  6. Reply
    michael J
    May 4, 2011 at 2:05 am

    Consider helping yourself decide to get out of debt then take action! nothing can stop a man or a woman on a mission. if your motivated to change your situation visit me at http://www.lucrativecompensation.com All things come to those that choose.

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