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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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How Many Are Close To A Breaking Point?
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Poster Handle
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Zedakah |
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Post Content
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Do you currently have a gov backed mortgage? If you do, I wonder if you can still go into a forbearance for a year?
Quoting: Max Powers Yes, I actually have a USDA loan. I will look into this. Thank you. *facepalms* I just totally let out a sigh of relief when I saw this post. My sister and her husband are almost 60. The hospital where her husband has worked for over 30 years in maintenance just laid him off - permanently. They just bought a house. Everything went through. So now they own a house they can't pay for and where is he going to find a job at almost 60 years of age? All that retirement he paid into? Gone. Just freaking gone. My heart goes out to you and yours. Yeah, that's the kicker. It's not like I have been making minimum payments for 20 years on debt beyond my means. I JUST bought a house for the first time 2 years ago, partly because we were better off in the past 4 years than the previous 12 combined (before that). I was tired throwing money away to landlords that I'd never see a return on, so I bought a house at a very good price. My suggestion for your sister's family would be to create some product and attempt to sell it. I will certainly be trying the same thing. Generate your own wealth instead of skimming it from another place. I know that's not always an option, but in these times you have to try everything. Also, as another poster suggested, try to rent a room of the house out. I will certainly do that before foreclosing.
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