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In foreclosure, just a vent - Page 5

post #81 of 91
Food stamps are a blessing. We were on them for about 2 years, and it allowed us to get the ball rolling on the pantry principle, which is a big part of how we managed to get our food bills low. I am still very grateful for having gotten them. They should help a lot, especially considering what it probably costs to feed a family of eight.
post #82 of 91
Hey Mama~Love!

As someone growing up in a rural area, I know what you mean about finding a place to rent! Word of mouth IS KEY. Start talking to friends, family, local business people etc. In our little town, it's the best way to find a place to live. The landlords don't always advertise, or at best, only stick a sign in a window.

Plus, if you find a place through friends of friends etc, they might be more willing to vouch for you and give you a chance vs anyone off the street.
post #83 of 91
Thread Starter 
We are going to try using a mediator to see if we can negociate with them about it. Our property is classified as agricultural, we have livestock and 60 acres of land.

Maybe, just maybe, we could get the principal lowered a bit so we can afford the payments. We're NOT looking for a free ride, free pass, or anything like that. We LOVE our place here, and want to live here forever if we can.
post #84 of 91
Quote:
Originally Posted by Mama~Love View Post
We are going to try using a mediator to see if we can negociate with them about it. Our property is classified as agricultural, we have livestock and 60 acres of land.

Maybe, just maybe, we could get the principal lowered a bit so we can afford the payments. We're NOT looking for a free ride, free pass, or anything like that. We LOVE our place here, and want to live here forever if we can.


will pray that you are able to stay on your land.
post #85 of 91
Quote:
Originally Posted by Mama~Love View Post
We are going to try using a mediator to see if we can negociate with them about it. Our property is classified as agricultural, we have livestock and 60 acres of land.

Maybe, just maybe, we could get the principal lowered a bit so we can afford the payments. We're NOT looking for a free ride, free pass, or anything like that. We LOVE our place here, and want to live here forever if we can.
Any way you can sell some live stock or rent your land out if its tillable? I hope your able to stay!
post #86 of 91
Do you have a bankrupcy atty you can talk to? Classify the land as 'in current use' to lower your taxes on it? Refinancing the mortgage is probably out, but banks don't want to go thru foreclosure and have that on their books. Isn't there anything they can do in terms of extending the terms of your mortgage (to like 50 yrs for the time being, then refinancing it back to 20 or 30)? Can you rent part of the house to increase your income (and pay your mortgage?)? Borrow money from family? Not like you probably haven't already exhausted those paths, but I couldn't read and not reply.
post #87 of 91
I know this is late but I couldn't read and not .
post #88 of 91
Thread Starter 
Quote:
Originally Posted by Rebecca View Post
Do you have a bankrupcy atty you can talk to? Classify the land as 'in current use' to lower your taxes on it? Refinancing the mortgage is probably out, but banks don't want to go thru foreclosure and have that on their books. Isn't there anything they can do in terms of extending the terms of your mortgage (to like 50 yrs for the time being, then refinancing it back to 20 or 30)? Can you rent part of the house to increase your income (and pay your mortgage?)? Borrow money from family? Not like you probably haven't already exhausted those paths, but I couldn't read and not reply.
We are in the process of negotiating with them. Just got the mediation papers on Friday. There's no extra part of the house to rent, and none of my family is well-off.

We just got it classified as agricultural in the past year, and WOW what a HUGE difference in the taxes!
post #89 of 91
I'm incredibly hopeful that you'll be able to find a way to stay in your home!

If you need to move, my understanding of federal tenancy rules is that you can have two people per bedroom plus one overall, so 3 people in a 1 bedroom, 5 in a 2 bedroom, 7 in a 3 bedroom, 9 in a 4 bedroom. Even if you don't feel like you need that much space, bigger landlord and property management companies will stick to that, so it's better to find an individual who might bend for your family size.
post #90 of 91
I don't know a darn thing about foreclosure or any of this stuff. I just wanted to say:

You and your family will get through this.

It will be OK.

You'll come out stronger on the other side.

:
post #91 of 91
Thread Starter 
Quote:
Originally Posted by HappyLittleHouse View Post
I'm incredibly hopeful that you'll be able to find a way to stay in your home!

If you need to move, my understanding of federal tenancy rules is that you can have two people per bedroom plus one overall, so 3 people in a 1 bedroom, 5 in a 2 bedroom, 7 in a 3 bedroom, 9 in a 4 bedroom. Even if you don't feel like you need that much space, bigger landlord and property management companies will stick to that, so it's better to find an individual who might bend for your family size.
Thanks for that info!

Quote:
Originally Posted by WeasleyMum View Post
I don't know a darn thing about foreclosure or any of this stuff. I just wanted to say:

You and your family will get through this.

It will be OK.

You'll come out stronger on the other side.

:
Thank you! It's very appreciated!
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