I'm so down a worm looks tall to me
I am in dire financial straits. I need to refinance my first and second mortgage in order to save my house, but I cannot do this because my credit is so bad.
Since 1990, when I filed for divorce, I’ve paid as much for counseling for the children as I would for a house payment PLUS making house payments. When my ex had the kids during the summer or had custody of them, I had to travel to Georgia to see them, then later hire attorneys and private detectives in order to locate them. During that time, I charged, begged, borrowed - not stole - money in order to follow the dictates of the court, visit the children, take them to counselors for their minds and doctors for their bodies. After we had a fire in 1999, there were so many things that we needed to replace, and the insurance company was too busy paying the company who was “repairing” our home to repay our losses. During this time, our car was stolen, and I had to replace it. The finance company where I financed the car called me repeatedly, telling me how much better it would be for me to take out a second mortgage in order to pay back the multitude of charges that we now owed. I thought that since the house was rented, and the renters were supposed to buy the house in just a few months, I decided to take the finance company’s advise. A few months later, the family moved out, and I was left “holding the bag.” For the past five years, I have been (almost) able to continue paying the two mortgages. Since that time, my “renters” - who all had employment and glowing references - seemed to feel that I should be paying for them to stay in the house while they made various “adjustments” to the house. (These adjustments have included removing plants and trees, redoing the plumbing, removing a bathroom - walls and all, and the latest disassembled the heat pump when he left (finally). These last renters wanted to buy the house but didn’t want to pay rent or make the few repairs they were to make in order to have reduced rent. When a mortgage company called me concerning their credit, the first thing they asked me was if the renters were current, and when I hesitated, they asked how much the renters were in arrears. That led to a lawsuit, as the renters accused me of giving false information and not cashing their “checks.” (At times I wish I could lie!)
In addition to that, everyone else has been sick almost constantly. I had to buy a car in October since the one I was driving was on its last leg. That wouldn’t have been so bad, as my daughter had saved her money from her jobs, and her savings almost covered the cost of the car. But, the car died the next week and had to be towed, then repaired - two times - and that took my house payments for that month - plus, and now I am behind.
I don’t know what to do. The last loan officer I spoke with said that if someone would take over the loans, I could have a lower interest rate, could rent the house, fix it up, and sell it in a couple of years; but I don’t know of anyone who could or would do that. I think he said I would get the equity that is in the house and could use some of that to fix it up, but I don’t know what all needs to be done now, how much it would cost, etc. I’ve been given - and followed - so much bad advise in the past few years that I just don’t know what to do - or if there’s anyone who can help me with the loan if I could do that.
I need your prayers, advise, help, etc. - in any way possible.