Pamerjamer, Both Buyer and Seller in Scottsdale, AZ

Because Of my health I can not pay my Credit cards. I am on SSD unable to work.l want to buy a home, My credit cards are 10,0000. I did not plan this.

Asked by Pamerjamer, Scottsdale, AZ Mon Feb 7, 2011

I do not know what to do. I am on SSD, 53 years old and now feel helpless. My health is bad. I own a manufactured home worth 29,000.00 yet I have to pay over 700.00 monthly for lot fee and utilities. I want to buy a home. I had good credit 780 until i could not pay my cards anymore. SSD I receive $781.00 monthly (i have worked for 40 years) I can pay my lot fee and that is it. Is there not some help for people that have worked. I am very scared about my future. I recently had a brain aneurysm removed and other issues. All I want is a home that is paid for , food to eat. My place is worth about 30,000 i own the home yet pay a lot fee. I am about ready to give up. No one seems to care anymore. I will to volunteer work because it drives me crazy to be home leays. Depression is getting bad as my health gets worse. I want to feel worthy to breathe yet the way I am treated. I feel like I should be dead. The guilt of free money I hate.

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Jonas’ answer
Hi Pamer,

To be honest, I am more worried about your state of mind than trying to educate you on buying a home. There were several phrases in your question that signal alarm. Do you have any family to talk to? I would recommend getting with a professional in counseling and sort through these issues that plague you. Nobody should feel like they should be dead, and if that is how you feel, I would find a resource fast! If you are not sure where to go let me know and I will try and direct you somewhere.

Jonas Mancuso
Remax Int'l
1 vote Thank Flag Link Tue Feb 8, 2011
To be honest, and not put off the question, you need to speak with a lender. They can have a free conversation with you, about where you are at and what, if anything, you can do to improve your situation and get a home later. I work in Tucson and the only lender I recommend is Paul Volpe at Nova Home Loans as I have referred him to over 20+ clients with no compliants from any satisfied clients.

It is a free conversation to have and he can help you. Agents and Realtors have no business telling you about a loan or lending. That is the mortgage persons job and information to share, correct information.
Best of luck.
Spirit Messingham
Tierra Antigua Realty
Tucson, AZ
0 votes Thank Flag Link Tue Feb 8, 2011
I'm really sorry to hear about your situation and dilemma. As others have mentioned, you have options and should seek the advice of some legal and financial counsel.

Possibly you can find an owner who is willing to work out a lease/ purchase or seller carry to help you through these times. It may be very difficult to find conventional financing with that high of debt to income ratio, so private financing may be an alternative solution for you.

Where there is a will, there is a way, so please don't give up!

Many Blessings!
Web Reference:
0 votes Thank Flag Link Tue Feb 8, 2011

Very sorry to hear about your financial situation and also your health. Can you reach out to family, friends and others about your health? Find someone you can talk to as soon as possible.

One good news area I see is that you own your home outfight and right now the market for lower priced property is very good. Would you consider selling your home, converting it to cash and having some money to live on then? You could find something reasonable to rent and lower your stress.

Please reach out and find someone to talk to right away.

Doug McVinua

Arizona Homes for Sale by a Guy from Iowa
Web Reference:
0 votes Thank Flag Link Tue Feb 8, 2011

I would like to second the other comments that purchasing a home is not the best thing for you right now given the situation you described.

The best thing for you to get some advice would be to contact a lawyer for legal advise specific to your situation. Further I would tell you to seek out some assistance that might be offered pro bono so that you won't be set back any further. But please be careful about some of the advice that you are receiving because there are those out there who will take advantage of you while you are in the tough spot.

Best of luck.
0 votes Thank Flag Link Tue Feb 8, 2011
Till you improve your credit scores difficult for a lender approve a mortgage. Many other families are in same situation who not had medical issues HOWEVER don't have employment.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Tue Feb 8, 2011
Hi Pamer,

I am so sorry to hear of your unfortunate circumstances. As Jonas said, I think you have other issues you need to deal with first. Selling & Buying a home is the last thing to be doing right now. (and unfortunately, it sounds like it's not even a possibility based on your financial situation). You need to focus on you. Reach out to family, friends, clergy, or even your city's social services or mental health deparment. Once you are in a better place mentally, then focus on your debts. Talk to an attorney and figure out what your options are. Hang in there.
0 votes Thank Flag Link Tue Feb 8, 2011
As others advise, talk to an attorney.

At this point, you can't buy a home. Nor should you.

Also, you seem to feel that you shouldn't have to pay lot rent: "I own the home yet pay a lot fee" and "I own a manufactured home . . . yet I have to pay over 700.00 monthly for lot fee and utilities." Sorry, but that's the way it works. You own the home, but you don't own the ground it's sitting on. The lot rent is just that--rent for the lot. It also covers (probably) maintenance, amenities, etc.

Get yourself financially secure. Right now, that doesn't mean making a purchase.

Good luck.
0 votes Thank Flag Link Tue Feb 8, 2011
Don Tepper, Real Estate Pro in Burke, VA

YOu actually have many options so DO NOT THINK IT IS THE END. It is not. In fact you can really make your situation very positive and make it benefit you in the long run. First let me clear up a couple things, first the agents that are answering this are fantastic and compassionate. I 100% disagree with the 1 in 5 are in food stamps in Arizona. Arizona is in bad shape but when things are at the bottom you can only go up.

My recommendation is to do a couple of things:
Find a mortgage person who is in your corner. I can recommend a couple but start by calling COURT CROFOOT at HOMERUN FINANCIAL 602-882-5588
Next speak to an attorney(do not pay for this, just call and ask your questions and get options.
NEXT find an agent that you trust and can work with. Again, there are some really good ones.

Do this sooner than later. Feel free to call my office at 602-705-4276. Myself or one of my agents will put you in the right direction. Best of luck to you.
0 votes Thank Flag Link Mon Feb 7, 2011
I'm very sorry you feel so badly right now. Just know you are not the only one. 1 in 5 people in Arizona are on food stamps! Did you know that? The economy is tough on many people and we have to see this as our challenge to get through it and not give up. I don't know how to advise you, may be a mortgage person will respond to your question about buying a home. I think you may have to postpone your plans until you are doing better financially, unless there is may be a program for people who receive SSD. In regards to your low income you may be eligible for assistance. I think you may want to call the State to find out what is available for you. Remember, this is only temporary, you and all the many people effected by this bad economy will get through this eventually. I hope everything works out well for you. Dagmar
0 votes Thank Flag Link Mon Feb 7, 2011
I am sorry to hear about your situation. Definitely check with an attorney to help settle your debts. You can check with the city to see if they have any special programs. Occasionally they will have special financing for some homes they have. Not sure what is available right now. fri
0 votes Thank Flag Link Mon Feb 7, 2011
Your best bet at this point would be to talk to an attorney about settling your credit card debts. Often this can be done for a fraction of the debt owed. See the link for legal assistance for low income residents of Arizona.
0 votes Thank Flag Link Mon Feb 7, 2011
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