I purchased a house 6 months ago. Thanks to the generosity and knowledge of people in these forums! Getting approved for this house has been the highlight of my life. To make a very long story short, My wife and I ran into some major problems right away. We had to make some repairs to the house while still renting. Needless to say, this hit the pocket book very hard. We found ourselves looking for a loan after only our second month in the house. Things just got messier from there. We got a re-consolidation loan on one of are cars, and planned on keeping one credit card, with a 10,000 limit. This credit card company dropped are credit limit as soon as we got the loan. Making the loan worthless to us, and putting us even more in debt. eeeeesh!!! Anyways, I had another series of unfortunate events, causing me to look for a new job. Not helping my already horrible financial situation. (I have since gone back to work.) I am gonna be for-closed on in 10 days, So you can see the urgency of my situation. I have put a property that I own on the market for 20,000$ AND IT IS WORTH 50,000$, but I cant rely on this property selling on time. All I owe on the mortgage is 5000$. I am completely stumped as to what my options are, if any. I have no other means of getting that much money together at one time. my credit scores have dropped due to a maxed credit card, and late payments on my mortgage. I'm not sure if any banks would loan me money on the property due to my bad scores, but that would be nice. If any one has some advice I would greatly appreciate it.
We are in Washington state. The property is a half acre city lot. Cleared, City utilities in street. 30 mins from I-5. Right next to a elementary school. The house is 4br 1 ba 1460sq ft, SFR w/garage on 1/3 acre.
I,m in TX so its a little to far for me. But you should Try this website. www.creonline.com. There are some on the site that are in the WA area...Its a site I use daily for Realestate discusion and leads.. Lot of Investors use it.
Thank you frioguy. I went to www.creonline.com. Unfreakinbeleivable. Everyone in the chat room was very freindly. I explained my situation to them, and they proceded to help me figure out my options, they had alot of ideas that would of never crossed my mind. I felt like I was on A break and they wher doing all my work for me , lol. They even took the time to help me set up a action plan for tommorow morning. They made me feel like a ton of bricks wher lifted off my shoulders. When I wrote the original message here, I had my hands in the air. That link should be on every page in this forum. Wether it works out with the house or not, I found a awesome website that I will be visiting alot, im sure. My top two rated websites(credit.net & creonline.com) Anyways sry lol. THANKS AGAIN!!! It feels good to have a since of direction again. I gotta go. Ill will report on my progress soon!
