HELOC home loan

Find mortgage help and stop foreclosure.
Maldanado
Posts: 7
Joined: Thu Jul 14, 2011 8:54 am
Antispam check: Dog
Antispam check: two

HELOC home loan

Postby Maldanado » Thu Jul 14, 2011 8:55 am

I recently returned from 2 years in Iraq as a DOD Contractor and opened a small business using my savings and a HELOC on my home. The business was so slow and has failed and I had to close it because of loosing so much money. I am now left with owing $75,000 on the HELOC and need some assistance so that i don't end up loosing my home or having to file bankruptcy. I am presently back in Iraq trying to pay it down but with the troops moving out at the end of the year I will not have enough time to repay it and will be forced to return without a job.

Admin
Site Admin
Posts: 6986
Joined: Fri Apr 13, 2007 4:42 am
Antispam check: Dog
Antispam check: two
anti spam: Blue
Contact:

Re: HELOC home loan

Postby Admin » Tue Aug 02, 2011 7:55 am

First of all, thank you for your service to our country. We do not feel like military veterans should ever struggle paying their home loans. HELOCs are usually more difficult to get help with, as always not someones primary home loan. But you do have options available. Have you heard of the hardest hit fund? It is a federal government created, and state run, mortgage assistance and foreclosure prevention program. It is for people who lost jobs or had a reduction in income, which sounds like you meet that criteria. It can help someone pay their home loan for a period of time by providing a grant.

Maldanado wrote:I recently returned from 2 years in Iraq as a DOD Contractor and opened a small business using my savings and a HELOC on my home. The business was so slow and has failed and I had to close it because of loosing so much money. I am now left with owing $75,000 on the HELOC and need some assistance so that i don't end up loosing my home or having to file bankruptcy. I am presently back in Iraq trying to pay it down but with the troops moving out at the end of the year I will not have enough time to repay it and will be forced to return without a job.

Atlanta
Posts: 8
Joined: Mon Nov 28, 2016 10:46 am
Antispam check: Dog
Antispam check: two
anti spam: Blue

Re: HELOC home loan

Postby Atlanta » Fri Dec 30, 2016 10:17 am

We need financial assistance for our home mortgage payment, which is a HELOC. We are coming up on our third month and we have a hardship because my husband’s health declined. He now is recovering and I started a new job. However, we have a disabled son who needs to be homeschooled and is due to graduate from high school in June. Please help with this HELOC loan need and our electric bill.


Return to “Help With Mortgages”

Who is online

Users browsing this forum: No registered users and 5 guests