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Behind on Habitat from Humanity payment

Posted: Mon Feb 29, 2016 1:40 pm
by Prylosec
I recently was awarded our home from Habitat from Humanity until my youngest graduates or I decide to sell it, but the fact is I don't make anywhere near enough to pay the mortgage which is $1018. I have five children, and am only getting $600 for child support, and I only bring home around $970 every two weeks. I need to sell my home, but I'm solely responsible for mortgage payments till I do, and I don't want the house to go into foreclosure as I need to use the proceeds from the house sale to buy another smaller, more affordable home. Is there any advice you can give me for this Habitat from Humanity property?

Re: Behind on Habitat from Humanity payment

Posted: Tue Mar 01, 2016 3:40 pm
by sasolis
Makes no sense you are behind. With the income stated after the mortgage you should have 1522 a month to live on. Cut back on all your expenses; cable, cell phone, etc and save some money. If you let it go into foreclosure not only will you NOT have funds for a new place, your credit will be ruined and you won't get a new place.