Save Our Home
Organized by: Eric Benoy
We need $6000 to save our home (my sister and myself). Last November, our mother passed away unexpectedly. She had no life insurance, retirement, savings, etc. My sister and I inherited her home (my sister, who is single, who lost her job, lived with mother and helped care for her). There is a mortgage. We have been making payments on time because we want to keep the house (it is the only home my sister has known and it would be to where I would retire). Other creditors of mother's -- outside of mortgage company -- have agreed to reduced payments but they want their money now. There is no money; mother had nothing. They see the house as an asset that can be sold to pay them. We have tried everything -- taking things to the pawn shop, seeking a bank loan, borrowing from friends, dip into retirement (do not qualify for that), even cash advances and maxing out credit cards but to no avail. We cannot afford to sell this small, 1,000 sq. ft. 3 bdr home in NC. If we did, we would of course have to pay off the rest of the mortgage, pay inheritance taxes (since it was liquidated), and the creditors, there will be almost nothing left. Single bedroom apartments run $120 (and more) above what the mortgage payment is and my sister still hunting a job. When all is taken into account, it is far better for us to keep the house. This is why we need $6000 -- to pay the creditors so that we can keep the house and not sell it -- a residence for my sister and a future place of retirement for me.