Thread: The Bad News Since My Dad's Passing Never Wants To End

Originally Posted by KRFJames

Hi RE - I was in the mortgage/financing business for a few decades - I'd like to offer some advice or simply concur on the solutions given above, but details provided just aren't enough at this point.

Of course it seems that holding a $40K mortgage is fairly doable and small - but I get the impression that $40K is what would be outstanding even after the house is sold and all other debts are paid off - meaning you have far more than that to try and carry and it isn't as straightforward as just paying a $40K mortgage.

As this is a public forum, I can understand withholding most details - not sure if the mods have a way for us to communicate in private where you are able to disclose things like value of the home, total outstanding debts related to that and the estate etc. With that info I may be able to suggest solutions that aren't evident right now.

Barring that, and as a matter of course I would also suggest you seek outside, (ie not your aunt or mom), professional advice if you are able to (ie accountant/estate lawyer, banker) - someone who can take a look at the situation who has the necessary expertise.

I have 2 aunts (one on each side) that are experienced accountants. Plus I have my mental health facility that can help.

If you can provide me advise, then please do so. If there's any information I have that I can provide you, just let me know and I'll try to tell you the best I know how.

Originally Posted by ResidentEvil7

I have 2 aunts (one on each side) that are experienced accountants. Plus I have my mental health facility that can help.

If you can provide me advise, then please do so. If there's any information I have that I can provide you, just let me know and I'll try to tell you the best I know how.

I know it's important to rely on family (ie your aunts) - but sometimes outside advice is better as they have no biases or skin in the game. I'll reiterate my recommendation here to look for that.

Sent you a private message as well.

I am sorry you are going through such hell.

Have you contacted an attorney? I remember(well I think it was you) saying you were on SSI. You got this by the balls. There is so much help available to you. Check out the Legal Aid in your area. They help people on Social Security.

You might even be able to get a free or very low cost bankruptcy to save the house. SSI is protected and not considered as income on certain bankruptcy schedules. Bankruptcy is not as bad as people make out. It's just a fresh start. I will admit that I filed bankruptcy years ago and it was a breeze. It's nothing to stress about unless you deliberately lie(i.e. You have $20,000 in debt but own a collection of expensive guitars or you are getting some type of money in the next 6 months that you didn't report worth more than the debt) then the trustee will be pissed at 341. But let's not jump to far ahead.

If there is nothing an attorney can do, have you tried your local Section 8 HUD office? You being on SSI will put you ahead of the pack for getting affordable housing at very affordable rates. I know people that are on SSI and Section 8 HUD . Their rents are only like $100 a month.

Feel free to PM if you need to talk. The only thing I ask of you is to please contact (A few) attorneys. Explore your legal options and be very honest but blunt with them.

Originally Posted by ResidentEvil7

I'll still have to owe over $40K on the mortgage plus utilities and taxes.

$40K doesn't sound like much as far as mortgages go. Is the house in your name, or your Aunt's? How much money will you get from its sale?

I can't afford to live here and if I were to get a job, that'll wipe out my benefits and I'll be paying top dollar for everything I'm getting paid for by the state (medical, medications, phone, SNAP, SSI and assistance).

Yikes, welfare really does keep people dependent, not just on the State but also on their parents. If you'd been motivated to work you might have increasing your income over the years and been able to pay off the mortgage and avoid moving back in with your mother.

I'm guessing you are in your 40's? You still have time to get a certification and find a job.

and she's hinting that my best friend can come with me rent- job-free if he wants to.

Why on earth would you do that? You're broke dude, make your friend pay rent and utilities. Come to think of it, could you rent out a room in your house to help cover expenses?

Luckily, my mom isn't requiring me to get a job and pay for expenses

No, you're not lucky. She doesn't want you to get a job because then you would be out of her control. You're going to have no place of your own and no significant income. You'll be stuck.

This hasn't been easy since I was told about this major change and I don't take change very well having Asperger's.

Nobody takes change well. What you are going through sucks.