Can i find anyone who has lots of money who would like to help me save my house???

Damion
took care of a sick friend, who passed away Nov 1, 2007, he left me his house. He refinanced 2006, and wasn't aware he had a negative arm loan, no mort insurance, has $13, 500. in deferred interest owing, int only pmt is 2, 285. includes insurance and tax impound. I work, but not able to pay mort pmt, i have put an ad in to rent a room, but have not rreceived response yet. I was told that people can gift up to $12, 000. to reduce their income/tax liability, and it can be to an indiiv, and that person doesnt have to be related., so if there is anyone out there who is in a position to gift some money I sure would be thankful, and not homeless.by the end of December. plz email me at chuckieswebb@aol.com Sincerely cbitzer

Cameron
Based on an interest only payment of 2, 285, you can get deduct $24K from your income, based on having made the payments. I would recommend that you try to refinance the house, if possible. Or, sell it. However, a refi would probably only increase your payments, and it sounds as if you don't qualify anyway.The problem you have is, even if someone gave you a lump sum to get caught up, you cannot pay the mortgage. If you refinance, the payments would likely be even higher. I hate to tell you that this appears to be a no-win situation. Try to sell if you can.

Delena
i would like to know more details