my ex husband and i filed for bankruptcy back in October. The house was in it. He has since left the home, and i am waiting on ssdi. My son is handicapped and receives ssi and ssdi. we have no where to go, and soon the bank will tell us we have to get out. My question is.......can my home somehow be turned into a HUD home so we can keep it? we are on a HUD list, but the wait is 2 years. any answers will be greatly appreciated.
2007-02-15 12:13:45 · 3 answers · asked by sandrangelina01 1 in Business & Finance ➔ Renting & Real Estate
Gosh, what a difficult situation. There is a lot of information for people with disabilities and for people at risk of losing their homes at the Housing and Urban Development (HUD) web site:
http://www.hud.gov/owning/index.cfm
There's even a link called, "If you are facing the loss of your home…"
I hope this is helpful.
2007-02-18 10:13:31 · answer #1 · answered by althegrrl 3 · 0⤊ 0⤋
If you sell your home at below market value, you could make yourself ineligible for SSI fora period of time, so selling may not be smart.
What is your income? If the father left the house and has income, file for child support. If he gets SSDI or retirement, it should be easy to garnish.
Call the bank and try to work out a payment plan first.
You may end up losing the house though. If you can't afford to pay for it now, getting SSI may not be enough to make the difference anyway (your income will go up by $643 if you get both SSI and SSDI, unless your SSDI is so high that it wipes out your SSI, and your foodstamps will likely go down).
2007-02-18 06:48:25 · answer #2 · answered by bistekoenighasteangst 2 · 0⤊ 0⤋
Sell the home to someone you know or to an investor who would let you rent it on a lease option
2007-02-15 22:22:02 · answer #3 · answered by mark c 2 · 0⤊ 0⤋