I apologize for the short diary.
A few years back, around 2000 during the "dot bomb," her stock deals went badly and taxes on many of these stocks and other expenses over the years have driven her broke. She tried to get on food stamps recently, but because her husband (my stepfather) receives medicare (he suffers from emphysema, IBS, and general aging, as he is over 80) her total income was too much and she did not qualify.
But she basically lives only on Social Security.
Wondering if the hive mind of DailyKos might help me come up with some options for my mom. Please read about our situation after the jump.
Around 2004 she took out a mortgage on her house to pay off these taxes. She has lived for years in West Houston off Memorial Drive, by HWY 6. A nice neighborhood but not extravagant.
Her mortgage is with WAMU but apparently Deutsche Bank, which represents the original mortgage issuer, Longbeach Mortgage, filed the foreclosure.
Her original loan was for 190K. She's paid 80K in interest. She still owes 181K. Crazy.
I was laid off from my design firm in December and have not been able to help much since then. On top of that my wife and I just had our first baby in January and all that we can put together has been going into keeping the three of us afloat.
Thank you for reading.