I own a condo, but I'm way underwater. I have a great interest rate, though. I'm on disability now & probably will be for the next three months or so. I'm recently unemployed, too. My aunt offered to pay for my mortgage while I'm off work, but I don't know how long she can do this. She really isn't in a great financial situation, although she did just come into some money. My credit card debt is $40K. I can move in with my dad if I lose my condo. My mortgage is $1,900. Disability doesn't pay for my mortgage &/or bills entirely. I can't file bankruptcy unless I'm disabled for about two more months as my salary was too high this year. Should I file for bankruptcy? Should I go into foreclosure? Should I do both? I will probably find another job once I'm off disability, but it won't probably pay for my bills and mortgage. Thx.
What would you advise for someone like me who is in a very bad financial situation?
- Thread starter Amber
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