I have been in a wheelchair all my 55 years. I have Osteogenisis Imperfecta, or brittle bones. With breaking over 1 thousand bones, my body is always in severe pain. Weather extremes are the worst. I live alone and can take care of myself.
Last 13Oct 17 my mother died unexpectedly, leaving me in our reverse mortgage home. We bought it in 1969, right after I turned 7. I have done everything Financial Freedom has asked me to do. They kept telling me I could stay. Well about 2 weeks ago I found out, I lost. The house will be sold at a foreclosure auction on 11 Dec 17. And I will be forced to move into my car. I’ve been applying for very low income housing for the past 5 years, after my separation. They aren’t available. I’m still on many waiting lists.
I would really like to be able to stay in our family home. Having to get rid of her fur babys, all my flowers, and yard, Ive worked so hard on, is draining my little strenght.
The house isn’t much. It was bought for $13,500. She got the reverse mortgage in April 2006. I can buy it for 95% of what its appraised at. But I don’t know how much that is, or how to find out. The balanced owed is $178,000. I tried getting a loan to buy it, but I have NO credit score. Also living on about $896. per month is hard. The lady at Quickin said it was probably worth between $50-100 thousand, as its had no upgrades since we bought it.
If there is anyone, that would be interested in buying it as a tax write off? or purchasing it only I turn 62,(2-2024) and can get my own reverse on it? Any and all ideas would be most helpful. Happy Holidays and Thank You