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Additionally, you may want to contact the mortgage company for options on how to reduce the payments, given the situation.
Wishing you all the very best for a new start and future financial success ~
Without knowing other critical financial information, like what the mortgage rate is, how much is left on the mortgage and whether you can or should refinance to a lower rate, or if you can even afford to do that, I think this is a question for a financial advisor or real estate attorney. Are you able to pay the property taxes? Are you current on that? Could you rent out part of the house for income?
I don't think negotiating with the mortgage company will come to much. You may be able to delay foreclosure by making some payments but this is a question for a mortgage banker or real estate attorney.
When my inlaws' home in MN went into foreclosure back in 2014-2015 the average time it took was 18 months. I'm not sure if that's changed. If I were you I'd get professional and local advice and not from a global forum of non-professionals with no accountability. I wish you success in getting your life and finances back on track.
You apparently had no care contract in all this time. That is a great shame, because we do so often see caregivers with no job, no job history and really no qualifications for a job to speak of left quite destitute when an elder passes or goes into care with income going to the facility.
Yes, you may well lose the home if you do not sell it first.
I would speak first with the holder of the mortgage, the bank involved; make an appointment with a bank officer.
I am afraid that your only option I can see offhand is to sell this home for the equity that is in it, pay off the mortgage and use the funds leftover to support yourself until you can get a job. You have been a caregiver for a LONG LONG time and you may well be scooped up by any Facility for Assisted Living, Independent Living, or Nursing Home in your area and that's where I would start; some will even train you for CNA qualifications. That, and hopefullly some funds from the sale of the home may get you back on your feet.
I know you have to have been thinking of this possibility right along, given the decade you have cared for your Mom and your Dad. What thoughts of your own have you come up with?
Thank you kindly...and I hope all is good with you!!
They lose money also In a foreclosure, so they don't want that either.
Any way you can rent rooms or anything to help the house make money, in the process.
Good luck, I hope you get more ideas here
I will suggest that you contact Council on Aging to learn what options are available for your mother’s care.
It’s obvious that you must return to work. You are right to be concerned about your own future.
Others will chip in with their advice to help you resolve your issues.
I read your profile. I am very sorry for the loss of your dad.
Wishing you peace as you grieve and work to find a viable solution for this situation.