I bought a forclosed home and paid cash. My "Money Pit" needed and still needs many repairs. I'm out of money and need a loan. I'm on a fixed disability income from the Gov't. and my credit score is REALLY bad. I've been battling Crohn's disease, Lupus, Sarcoidosis, Asthma and a few other chronic illnesses for several years spending alot of time in hospitals, and too much money on Doctors and medicines. I get NO help.
I don't qualify for public assistance because I was always too ill to have kids.
I was blessed to find this house but I stilll need a loan.
NOBODY will even talk to me. My house is worth WAY over what I paid. But I got it cheap because of the MOLD issue.
My house needs repairs and I'd like to convert to Solar power, Get Rain Barrels and Prep my house for Hurricane season. (My house previously had damage from Hurricane Charly. I'd like to pay off my medical bills (and a few other bills) and "I" need repairs. I cant even go back to any of my doctors because I owe money.
If I can get loan 25k to 30k I can pay off everything, fix my home and improve my credit. If I get the Solar Power and rain barrels I can Lower my monthly bills. I also had a Whole house generator for storm season, but it was Stolen. Also, My 80 year old Mom who has been helping care for me was just diagnosed with Breast Cancer. We are trying our best to care for each other.
Please help. I don't want to end up filing bankruptcy unless I ABSOLUTELY have to.
Thank you.
If you know of anyplace that I can go for a LEGITIMATE loan (or a Grant), please send me a response.
If you are a lender, please also provide a telephone number and a location where I can find your BBB references.
thank you
Wrong time wrong situation.
My advice to you is to sit tight and try again in 6 months and then again in 12 months.
The environment that gave you the opportunity to get such a great deal on the house is also going to make it very difficult for you to get a loan.
The marketplace for alt-a (good credit, unusual terms/situations) and sub-prime mortgages (poor to bad credit) doesn't really exist at the moment. Your best bet is a credit union, but with a score below 650 I doubt you are going to find any legitimate lenders at this time.