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can't pay LOC loan & house is paid off

Posted on: 24th Jan, 2014 01:59 pm
My mother took out a LOC several years ago. She has since passed and the LOC cannot be used plus there is not much left on it anyhow. I was put on the deed of the house along with her name about 4-5 yrs ago. I have been unemployed for many years because I was caring for her due to sickness. She passed July 2012 and I have not been able to find a job since. I have not paid the monthly payment for the LOC in about a year. I was finally served last night regarding this. I did not take the papers and did not give the person any information who I was as well. I don't want to lose this place and I am only $1000 behind. I am looking for work everyday but have been unsuccessful. I have taken General asst. from the town to pay my utilities and my assoc. fee but they cannot help me with this problem because my mothers name is no the LOC and I would not be able to have it assigned to me since have no employment Is there a way to stop this from going any further until I find a job. Thank you.
Welcome janet,

You can contact the lender and try to convince him to provide you with some time. Unless he knows you situation, he will not be able to help you. And you should definitely try to get some job immediately.
Posted on: 26th Jan, 2014 07:31 pm
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