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My wife was out of work due to illness for nine months. Many of our bills fell behind. To make matters worse my mortgage with Option One was purchased by Litton Home servicing. This new mortgage holder has essentially doubled my adjustable rate mortgage, making it extremely difficult to pay. We are behind now which eliminates the possibility of using the eqiuty in the home. I was given the idea of selling the home to a trusted friend or relative, for a temporary period of say two years with the idea of buying the home back once our credit and financial situation is better. Is this a viable alternative?
P. Baker