I am getting divorced from a lying husband who is in jail for defrauding people, which I had no idea he was doing. He has left my credit destroyed. I can't afford where I now live thanks to him. A mortgage would be less than what I pay now, but because of my credit I am turned down left and right. I also keep getting turned down for any rentals. I swear, my kids and are going to be the first homeless family with a good income. We make too much to qualify for any social services, but only enough to barely scrape by. My children have medical problems, but I haven't been able to get disability for them. If anyone knows of any programs to help a family stuck in the bind that I am it would be greatly appreciated.
2007-05-04 21:51:45 · 5 answers · asked by Christy B 1 in Business & Finance ➔ Renting & Real Estate
Tough situation. However, the only course of action at this point that makes sense to me is you take some time to repair your credit. If someone does approve you for a loan now, your interest rate will not be attractive.
Can you try a hotel that has kitchenettes for a long term rental?
2007-05-05 06:24:13 · answer #1 · answered by godged 7 · 0⤊ 0⤋
I've seen people like you and, there's not much of a chance to get in front again. Either stay where you are, pay all your bills and try and make a go of it. Your going to have to pay all your creditors and get some money in the bank, lot's of it.
I would forget about the house for now unless it's a rental and you can get the owner to feel sorry for you, they're out there.
Think of the kids, their insurance for medical and, food, for now. Get a divorce from the scumbag and have proof your trying to get ahead, sometimes this works to your advantage.
If your Ex is in jail sometimes the State will help being the single parent, try it. Good luck.
2007-05-04 21:59:41 · answer #2 · answered by cowboydoc 7 · 1⤊ 0⤋
Might I suggest a call to United Way Services? One of the first things you should do for yourself is to get counseling for yourself and your children. If you are willing to work on the resentment issues against him, you'll be better able to move forward emotionally and financially. United Way might also be able to help you with the housing situation. When you consider all of the costs of home ownership, it might not be financially adventageous for you to buy versus renting at this point in time. It'll do you no good to be stuck in a house that you cannot afford especially if a disaster strikes. Consider a condo instead of a house if you do decide to buy. An organization that might help is called Ameridream and they help with down payment assistance. They might also be able to help you find a lender although your interest rate will be higher than someone with excellent credit. It sounds like you have multiple issues to work through. Don't just rush out to buy a home without fulling realizing the strain it'll be on your mortgage with taxes, insurance, water/sewer, maintenance costs, etc. Consider decreasing your expenses rather than increasing them.
2007-05-04 22:32:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Instead of looking to suck any government programs, I would suggest that you use your good income from your great job to save up 20%, 30%, or even more, for a down payment towards a house. Money talks! Then the lenders would be more likely to help you.
As for your evil ex, there are always two sides to any story, yet I am quite sure that you are completely innocent, pure as the driven snow. You have my best wishes, but not any sympathy at all from me.
In the mean time, do what you can to rebuild your credit. Pay your bills, and stop blaming your husband for them.
2007-05-04 22:08:57 · answer #4 · answered by sopcwebservant 3 · 0⤊ 2⤋
I think there is something called First Time Home Buyers.
Here is couple sites that might help you out..
http://www.hud.gov/buying/
http://www.google.com/search?sourceid=navclient&aq=t&ie=UTF-8&rlz=1T4SUNA_en___US209&q=first+time+home+buyers+programs
2007-05-04 22:03:09 · answer #5 · answered by randy j 4 · 0⤊ 0⤋