No. of Recommendations: 6
I hesitate to mention it, but if OP really has $140K in home equity ($400K value vs. $260K mortgage), then a HELOC to get everything current might be possible.

The OP indicated that they are currently '45' days late on their mortgage payment. However, they also indicated that they consider their mortgage due date to be the 15th. In reality, the due date is generally the 1st, with a grace period until the 15th. If the OP did not make the October payment (due October 1st) until this week, they have been reported as 60 days late on that payment, plus 30 days late on the November payment.

With a major derogatory (60 days late) on a primary mortgage within the last 2 years, it is highly unlikely that they will qualify for any type of a HELOC or HEL, even at a high rate.

If the OP was going to try to apply for an equity loan, it should have been in September, before they missed any payments. Now, it's probably too late.

AJ
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