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Where can I find information on ways to receive federal aid during the real estate crisis? |
My husband invested in real estate during the housing boom in Florida and he bought 5 properties and turned them into rentals. We have had many problems within the last couple years with renters becoming delinquent on payments, some ultimately being evicted. Now we would like to get rid of the properties because it has turned out to be too costly and we are not making enough money to support our family. My husband is now looking for jobs, but the only ones available are the entry level jobs that pay between $6 and $9/hr and he has work history in 7 years of management. I wanted to get temporary assistance while he looks for a job, but the government has determined that our "assets" are too high. Now we are really stuck because we are trying to sell our "assets" (the real estate rental properties), but in this market we arent seeing any buyers. Is there any way to get temp assistance form the govt. to help feed this family in the time being? One way may be to re-shuffle the equity in your assets to lower your monthly payments on them and to take a little 'buffer' cash out for yourselves... |
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