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Asked in CA May 26, 2022 ,  0 answers Visitors: 10

Forclosure on our Home

My Husband and I are Senoir Citisen and have a fixed income now. we have no more savings for our house payment and are 2months soon to be first three months behind. What can we do to save our home? What and how long do we have before they make us get out? we have where to go or money.

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2 Answers

Anonymous
Reply

Posted on / Jul. 25, 2007 14:11:00

Re: Forclosure on our Home

Promptly talk to your own lender or a reputable real estate loan broker and discuss sale of the house, or a 'reverse mortgage' that allows you to take equity out of the house for your use, and requires no payments or payoff until you sell the house or die. It is designed for senior citizens with equity in a house and no income to qualify for a regular mortgage.

Anonymous
Reply

Posted on / Jul. 25, 2007 14:11:00

Re: Forclosure on our Home

Promptly talk to your own lender or a reputable real estate loan broker and discuss sale of the house, or a 'reverse mortgage' that allows you to take equity out of the house for your use, and requires no payments or payoff until you sell the house or die. It is designed for senior citizens with equity in a house and no income to qualify for a regular mortgage.

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