Q: I haven’t made the payment on my house in 11 months. Shortly after I bought it a couple of years ago, I became ill and it has been a struggle to keep it with my health problems and having to stop working on occasion. It is a two-unit property; I live in one side and rent the other side out, but my tenants have already given me notice that they’re moving out in a couple of weeks. I’ve been applying over and over for loan modifications, but the bank refuses to bring my loan balance down in line with what my house is currently worth. So, I gave up.
I met with my real estate broker to list it as a short sale last week, but the day after we met, I received a notice of trustee sale in the mail. It says I have only three weeks before the bank auctions my home off.