Goodness I'm a nervous wreck even typing this message. Things are BAD. My husband is disabled and gets disability but is looking for a job now. I'm not sure how this will go; he hasn't worked in 10 years and I don't think he will be able to do it :(
I have a part time job in which I make little money. I am looking for more work, hoping to get something at night which is going to be the death of me, but oh well. (I have 4 kids, 2 little ones not in school yet).
My debts are outrageous and I haven't paid taxes on my house in over 2 years. I'm FREAKING OUT.
I'm already getting food stamps, wic, and heap, thank God! I'm as frugal as I can be, but I thought I would come on here for more ideas as I haven't been here in ages, I've been so busy! (I miss MDC!)
I have been pondering the following idea, but I really need outside advice, so here it comes, finally....
I own my house - no mortgage. I am thinking about selling it. I don't think I would get more than 120K from it, but it would be mine. I am worried though, about finding a place to live. I will not, neither will my husband, qualify for a mortgage. I would have to rent.
My debts total nearly $50K. If I paid them all off, I would have $70 left. What would be the best thing to do with that? I would need some of it to live while I'm in this employment limbo, but I want to put some aside for a future down payment while I get my credit back in order and can get a mortgage.
So that's the idea, although I have another slightly crazy one - selling the house to a family member, living in the house, repairing my credit, and keeping a huge sum of money in a savings/money market account to pay the mortgage for my family member with the interest. So far no one is willing to do it.
Please give me your best advice!