lets say over the course of 10 years you lost your job and you cant afford what the payments have ballooned to after the interest only payments ceased. 

The fastest way to repair credit is to use what's called Bank Round  RobinLet's say you got terrible credit you been bankrupt before and you want to repair your creditAs long as you have a good income and you can afford to do this step number one is to get $1000 together and bring it to let's say a big bank like Bank of AmericaGo see a consumer bank manager and tell them I ran into some serious trouble in a rebuilding my credit history I have $1000 that I like to put into a CD and borrow against for thousand dollars and pay it back as a consumer loan being reported to the credit bureauThe bank manager should have no problem using those security and they give you an approval usually quickly and they give you $1000.

I want to live in SF but can not afford the rent.

He had traffic and plenty of offers but he rejected them and said he could afford to hold off.

While looking I found a couple houses that I liked for $80,000 that we could afford and generate positive cash flow in the future and quite a few fix up houses for $45,000-$65,000.

Another aspect is here health and likelihood of ending up in a nursing home, that sale can come back in her determination of assets to qualify for benefits.

I have real concerns whether she can continue to afford this property.

There are good affordable suburban neighborhoods right outside of Detroit as well.

Home Prices Are Surging 13 Times Faster Than WagesSource: BloombergIn yet another troubling sign regarding the affordability of homeownership, new data shows that the growth in U.S. home prices is beating wage increases 13 to 1.

If something goes even a little awry that affords a 1penny difference in the second transactions numbers a 3 day notice (new rule) to the actual persons involved would need to be required to allow their review of the new figures...