I am a 65 year old female paraplegic, I own my own home but have recently used all my savings. My only income is social security disability which is $807.00 a month and my house payment is $595.00 it is becoming harder and harder to make my house payments, utilities, car payment, car insurance, ect, since my income is is low. I want to stay in my house and remain self sufficent. But am finding it harder to make sure I dont get forclosed on. Does anyone know of any place to get a grant or help with my finances? All the places that I have found will help 1 time a year with rent but no place that helps with morgage. Thank you and may you all be blessed.
hugs Luene

Check out a reverse mortgage. It might work for you.

Have you tried contacting your mortgage bank? Many people people are embarrassed or feel helpless and are afraid to disclose their financial burdens. The economy is lining itself up for a recession.

Because of this, the banking tables have turned and will work with you. On average it can cost around $60,000.00 for a bank to forclose. It is in their best interest to help you keep your home. They have no choice in the matter.

So, if you feel like a deer caught in the headlights, I know it's hard, but try not to. When I called my bank telling them I had been laid off from my job and anticipated trouble, they told me unless I missed 2 payments or more they wouldn't help me (this explains a lot actually ). So I did. I was actually one of those people that hated doing it too but found a miriad of options once I surrendered. PMI payment, refinancing, re-writing the loan (they put the deliquency back into the loan, basically).

I believe the dept. is Loss and Mitigations.

I hope this helps.

Eleise
Clairvoyance Editor

Thank s to both of you for the fast answer. Yes I have tried the reverse morgage and dont have enough equity in home to do it.I have also called the morgage company to see if I could refinance, tack missed payments on back of loan , just pay interest for a couple of months, and rewriting the loan. They said flat out no. So I thought of posting here to see if anyone might know another way, or someplace else to help. Thanks again for your interest and help.
hugs Luene