Unemployed and Trying to Avoid Selling My Home

Unemployed and Trying to Avoid Selling My Home

Written by Leslie on 11/14/2019

Unemployed and Trying to Avoid Selling My Home

Unemployed and Trying to Avoid Selling My Home

It’s frustrating and embarrassing, but I’m in a bad financial situation after losing my job. So, I’m trying to avoid selling my home to cut monthly and yearly expenses. My property taxes have doubled since buying the house, and homeowners insurance goes up every year, too.

I know how much is left to pay on my mortgage, and if that’s all I had to worry about I might not be in such a predicament. The unemployment checks cover my mortgage, but they don’t come close to covering taxes and insurance. I know better than to let the insurance lapse or get behind on property taxes.

Many people have had to sacrifice their home due to unemployment. It’s not uncommon during local and national economic downturns, but it’s the first time I’ve personally had this serious problem.

Nowhere to Turn for Financial Help

Taking out a second mortgage could be an option if I manage to get a job soon.  My lender doesn’t want me to become delinquent on monthly mortgage payments or fail to pay my monthly homeowners insurance bills. But a second mortgage isn’t possible until I’m employed again.

Using credit cards to pay for my mortgage and my insurance is a bad idea. I know other people are doing it, but I don’t want to destroy my credit paying monthly bills.

Banks, of course, are not eager to make loans to anyone who is unemployed, including long-term customers. I just don’t have any borrowing power right now.

Arranging for a Fast, Easy Home Sale

There is one option I’m considering, even though I’m trying to avoid selling my home.  I’m talking to the professional buyers at We Pay Fast because they arrange for a fast, easy home sale to close within a week. They pay off my mortgage for me, but I get cash for all the equity in my property.

We Pay Fast picks up all closing costs and legal fees, and they do not charge a real estate commission. If you’re looking for a fast, easy home sale call We Pay Fast at 405-521-1807 or email [email protected]