All Forum Posts by: Dawne Morris

Maybe I'm not communicating clearly, I am employed I was only temporarily laid off. At the time of purchase we were more than financially capable of paying the mortgage and we have been paying the mortgage. I was just trying to find out of there was any way to refinance the mortgage with a poor credit score.

It happened because I got laid off and we were using credit cards to stay on top of just the household bills and making sure the mortgage was paid on time. Savings is now non-existent. I'm not proud of it but we did what we had to do to make those payments on time.

Thank you for the kinder reply. I wish I could say that I know whether they are legit or not but I do know that the mortgage broker who handled all of the paperwork told us it was a hard money loan. They also don't report our timely payments to the credit bureaus. I am trying to do some due diligence in searching out those mortgage companies that don't care about credit but keep running into brick walls. But, I don't want to lose my house, nor do I want to file bankruptcy so I shall keep searching. Thanks for taking the time to answer.

Because I would like to find a solution to keep it. The idea of going through the whole real estate process again is not something we truly want to do. We've even tried to get the lender to report our on time payments to the credit bureaus but they won't. That would help us significantly I would think.

This is our only home and we want to try to keep it. Selling is a last resort

I am currently in a very high interest hard money mortgage that balloons in September 2025. Our house is assessed at 415000 and the mortgage is 269000 and not declining because everything goes to interest, taxes, and insurance, nothing to principal. I got laid off for about two months and everything fell behind (except our mortgage, we've never missed a payment always on time) but our credit scores are horrible. I only have one in the 500's and my husband has none currently. The problem is the longer we go paying this payment the farther behind we get on everything else and the lender isn't reporting the payments to the credit bureaus. I know there probably isn't anything we can do but we've actually considered bankruptcy. Can anyone offer some advice.