Actually, you are in pretty good shape with an improving outlook.
First, over half of your debt is mortgage debt (good debt) and you are close to extinguishing the lien. You must always have a roof over your head, and shortly, your cost of maintaining shelter will be paid up for as long as you have the house.
Get relief from the creditor calls – Once you've cleared your doubts and signed required documents, the counselor starts negotiating with your creditors to lower interest rates and eliminate late fees. Make one payment to the company – After the counselors finalize a payment plan, which is accepted by all the parties, you start making the single monthly payment to the company.
The right way to choose the best debt consolidation program is to make a comparative analysis of different consolidation companies in your locality.
Check out the list of some reliable companies and then compare the programs to choose the best one for yourself.
Check out the savings center for possible refinance and consolidation loan resources.
I do not know why you were having trouble locating a refinance source since nothing in your question indicated that any but the most conservative lenders would be unwilling to refinance with you.
Just undertake the necessary changes one step at a time, and don't be so ready to "throw in the towel." You'll do fine, and you are almost there.
makes it easy to compare mortgage offers and different loan types.
If he continues to fail to make the mortgage payments, he could soon be facing foreclosure, so you should make it clear to him that he needs to make the mortgage payments if he wants to stay in the home.
A foreclosure will likely cause much more damage to your credit score than a simple delinquency, so it is important that you address this issue as quickly as possible to prevent a foreclosure from proceeding.
This is ruining my credit and I can't refinance it because I feel like he has that house and he should be responsible for it. Again, you should contact your divorce attorney to explain that your ex-husband has defaulted on these mortgage payments, and find out what legal recourse is available to you.
From your question, it sounds like your ex-husband is currently living in the home encumbered by this second mortgage.
Depending on the interest rate being charged on the current mortgages on the home, a refinance loan may allow him to obtain a lower interest rate and lower monthly mortgage payments.