Behind on mortgage solution

[Jonathan Valdes]

Hey BP,

So I have had some issues with my property. This is my first deal/property.

It’s a top/bottom duplex in New. Jersey

I closed in October, had credit fraud done in November. Forcing me to do all the renovations on my own. That delayed the renting process.

First payment was due in December, but the unit wasn’t ready until January. I have now fallen behind on my payments.

I spoke with the bank today to see what I could do. They said once I hit 90 days, legal will get involved. I have 30 days to push back by making a payment of $3100. Unfortunately my job doesn’t pay me that much. I put all my eggs in the upstairs unit.

I am terrified to loose this house as my wife and I just had our 3rd child.

Any ideas as to remedy my situation?