Reply #55: I hope your health improves [View All]

[Yo_Mama]

Best of luck.

And as you have now learned, if you have to take an interest-only loan to purchase a home, you aren't buying it. You're either renting it with an option to buy, or you're speculating on the value increasing. You aren't the only person to have made this mistake, and there was a time when nearly everyone would probably have told you it was a good idea, so you aren't going to get any criticism from me.

I hope your life settles down and that you can deal with your health, which is more important by far.

PS: Try for a Deed-In-Lieu, which will leave you in a better spot if you want to buy a home later. Also write a letter documenting your health problems and medical problems as a reason, send it, and keep copies.