is there any way I can stall a forclosure to last 6 months?


Posted by CR on December 26, 2008 at 22:19:29:

Hello,
I live in California and bought in July 06. We used a relative ( bad idea) to help them out on their 1st commision. Well we were given a fraugalent loan and then sold to another one and then another one. It is a very long story. Point is 3 loans laterthese small lenders are bankrupt. I finally got a loan from Countrywide with interest only $4500.00 a month. All of our equity was bled out the first 10 months and now owe 613K. The house is worth maybe 550K and we just cant make our payments. We have charged our taxes. To save our marriage and keep a happy family we must walk. My question is how can we stop paying but stall it out 6 months? Why 6 months you ask? because it will be June and the kids will be out of school and wont affect them as much, as much as if we moved during the school year.
so any answers are much appreciated. Thanks


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