If your lender won’t renew or you are being faced with a Power of Sale then you may want to consider a Rent to Own as an alternative.
If you claim bankruptcy and get divorced from your spouse you are both still jointly responsible for all joint debts until they are all paid off.
Traditionally if you have ever had bad or poor credit it would be very challenging for you to obtain a mortgage with a great interest rate. In today’s mortgage market it has changed and now there are many opportunities for borrowers with a poor credit history. When you contact a Mortgage Intelligence mortgage professional they will be able to help you get a great rate.
The first step to becoming debt free is to know how much debt you actually have. Next you want to pay off the debts with the highest interest rates first. Try to pay more than the minimum payments if at all possible, create a budget and try to stick to it as best as possible. Is it an option to consider a part time job to help bring in some more income. Sell any items that you know longer use that are just taking up space but could be of use to someone else. Try to live without luxuries like eat in as much as possible and spend quality family time at home instead of always going out and spending money at different events. You may also want to consider a debt consolidation.