Family help: I have made a lot of mistakes and now am in a bit of a bind. - Help.com

You came to the wrong site for money. Most of the people here at help.com are here to help but not with money, sorry! Most of us here at help.com are so broke we have a hard time paying attention!

Sorry. Good luck!

The best I can do is refer you to this website and hopefully you will find the money you need. http://cyberbegging.com/

Would be nice to add pictures on your website.

I hope you get what you need. We ALL have made mistakes that put us in a bit of a bind … I honestly don’t know anyone who hasn’t … and so I do truly empathize with you. The problem is, there really are not many fairy godmothers out there who are either willing or able to wave a magic and make things turn out right for us. Probably you are going to need to hit bottom before you start rebuilding. Can you check with your mortgage-holders, and see whether you might be able to negotiate new terms for an amount you can afford to pay each month?

If not, well, all I can tell you is that you sound like you are young enough to make a new beginning and get things back on track.

Good luck–I hope you make it.

Theresape is right, tens of thousand of people are in this same situation right now. I am sure family and friends won’t let you and your kid live in the streets.
How about getting a roommate to help with the bills?

Try other mortgage lenders. Ask your lawyer and state reps whether they know any bailout programs you may qualify for. Google every phrase you can think of. Just make sure that the program you choose is legitimate—there are a lot of predators out there. Check with regulatory agencies, have your attorney check, call the Better Business Bureau, get references if you can and THEN check out the references to make sure THEY are legit.

Honestly, unless you have a rich relative or have something expensive (a recent-model car? a large diamond?) you can sell, I doubt you’re going to suddenly find the money to set things straight. In that case, I think your only chance is to find someone who will write you a new mortgage into which you can roll the whole payoff (including the past-due amount) and the closing costs.

Otherwise, it looks like you might have to just go for a “short sale” or let the bank take the property. You can start off new as a tenant somewhere. Even in the worst-case scenario (bankruptcy), you will have a clean slate in, say, ten years and can try again to become a homeowner.

Do you have a lot invested in the property?

I’ll send a prayer your way.