My mother and I inherited my grandmother's house in California when she passed away this September. Zillow puts it at about 530k (we lived in a cookie-cutter neighborhood - the price is about right for what our neighbors have bought/sold for since it's the exact same houses). For the past 10 years, my grandmother was paying interest only on her mortgage (please never do this). In August, the interest-only offer expired and mortgage doubled. It sucked, but we made it work since my mother and I moved in with my grandmother years back to help her anyway.
My grandmother passed and we can't make the 3k mortgage. We were late on October and when we paid it later, it only paid fees and no principal. So now we're up to 8k by next week or they said they'll foreclose and we get nothing.
Thanks to the stupid loan my grandmother got, she'd still owe 300k on the house. The house has not been legally put in our name yet. My mother has my grandmother's trust and it hasn't been filed or anything yet. I don't know why. But the only thing in it was giving us the house 50/50.
We want to sell the house, but it needs to be fixed first. We need a good 10k to fix the piping (fuck copper pipes) and landscaping. It's in an HOA, so there are strict standards.
We've called the mortgage company and their advice amounted to 'you shouldn't have a house you can't afford'. They want us to be up to date on payments before we can look at any payment aid. Their answer is 'just pay it' as if that's not what we're trying to do.
I cannot take out a mortgage. I had been a student until recently and am currently looking for a job, any job. My mother is self-employed and her credit is a shitpile since she ignores it.
Should I try to get a personal loan of 10k to catch up on the mortgage? I know it's stupid, but I really don't know what else to do. My CCs are maxed out from helping my grandmother's medical expenses. I wasn't worried about this because I knew I was getting money from the house. My mother is trying to pawn the pink slip on her car, but they want her to have a job to show steady income. Her business makes enough to stay afloat, but waxes and wanes.
My mother, brother, and I are still living in the house. We cannot afford to move without the house selling. I don't know where to go next. I feel ill all the time from the stress of this.
Any advice is greatly appreciated. And feel free to ask anything; I'm happy to provide more details if needed.
Submitted November 29, 2018 at 11:22AM by PrinceofCanino https://ift.tt/2DSNGxj
