Honestly, I'm hoping for any and all advice. Here's the situation... I'm 20, live with my parents. Both of them were disabled, so we were living off of government benefits, basically. My dad lost his leg November 2017 due to diabetes. Because of this, and what we think could have been dementia... we got really behind on all of our bills. My dad would tell my mom and I that he paid bills when, in fact, he didn't.
He died a month ago. The last 2 or so months he started telling us that we were behind on bills. He really started stressing out the last month, after the bank told him our house was in foreclosure.. He had a heart attack one day, I think it was due to the stress of the bank. It was scary, he was in ICU for several days, but he made it through, and he ended up getting out of the hospital on a Tuesday.... That same Friday, I found him unconscious in his room.. He had 2 back to back heart attacks this time, and died 5 days later after being taken off of life support.
He left my mom and I with a mess, and a lot of debt. He had no life insurance... Now, here is the rundown.
As I said, our house is in foreclosure. Our monthly mortgage payments were only $150 somehow. We are behind several months. We can either take a gamble and have them adjust our monthly payments based on our current income, OR pay about $2500-$4500 upfront and keep our monthly payments the same. Both of these options scare me. Our monthly cost of living is around 1460. My mom is on disability, I work a full time job making $9 an hour. We obviously don't have the money to pay upfront, but the low mortgage cost would be so so so helpful, as I could hopefully drop to part time and go to college full time. I make about 1200 a month and my mom makes around 850, so I'm afraid that if we adjust the monthly payments, it's going to be closer to $500, which would pretty much screw me over and I definitely wouldn't be going to college anytime soon, just be stuck with minimum wage for a long time.
On top of this, we have other debts. My mother is a few months behind on the car payments, AND we're behind on the taxes for the house! Taking out another mortgage isnt an option, as this IS the second mortgage!
Sorry for the rambling, but I have absolutely no idea what I'm going to do. I just lost my dad and now we could lose the house. I just really need some kind of financial advice here, I know I'm probably not seeing things clearly because of how stressed I am, I'm definitely a pessimist and I have horrible anxiety that has just gotten so much worse. I feel like I'm going through this all alone. Do we try to get a loan? Take a gamble and raise the payments? Move out and pay 1200 a month on a one bedroom apartment? I don't know.
Submitted December 18, 2018 at 11:47AM by DivinesHelpMe https://ift.tt/2A6vMnN
