Shoud I stay or should I go... Saxon is pushing foreclosure
January 08, 2008
My husband and I purchased our home in 1991, he died 6 months later due to lung cancer. Since then I have struggled and managed to refinance. But the mortgage rate and interest became higher and higher. In August I went out on Disability. After being set on a payment plan. I was unable to meet the obligations of that plan. I was not aware when I would receive my disability or the amount. I became very behind in several bills and just completely stressed. The stress is affecting my health as well as I may need to take time off work just to cope. I just don't know what to do. If I must give up my home I have no choice but if I can keep it I would like to. I just need assistance and options.
Comments
My husband and i had owned our home for 10 years when he was diagnosed with skin cancer in 2003. He passed away in 2004 leaving me with 3 teenage kids and a mortgage. One year after he died I got a letter that I needed to refinance and take him off. I knew nothing about any of this. I refinanced and my payments went from 1890 a month to 2803 a month. After struggling to make these payments in Oct 2007 my payments went to 3507 a month. I am probably days a way from losing my house. i have tried everything to refinance. My credit is awful and I have no idea what is best. A bk, letting it go,,,, what do I do.... Can you help or give me some guidelines and suggestions.
I would walk....it is easier on your credit than a BK.






