drowning in debt asked:


I had to sell my home on short sale after it being on the market for a year and a half and I simply couldn’t afford it any longer. I had the original mortgage and two home equity loans. The first mortgage was paid off and the two home equity loans removed the lien but still wanted me to pay all the money I owed them. I now rent and am unable to keep up all the payments. The home equity loans are now threatening to sue me. They want a big lump sum and there is no way I can come up with it and they say it is too late to make regular payments. What can I do? What can I expect if they take me to court? How reliable are debt relief company’s. I would really appreciate any advice anyone can give.

Sam