Can someone refinance home when on disability? Our father died last wekk, and my brother who is on SSDI lived with and took care of our dad. For reasons not necessary to disclose, my father refinanced the house to death, and now the house is worth far less than what is owed. The minimum payment ( which is interest only) is too high for my brother to pay on his SSDI. It seems like relatives cannot be bothered and loan counselors are not helpful given his situation. The house is all he has , along with a beautiful and loving dog who go where he goes. Finding renters is a possiblity, but this is a bedroom community where there are more families than single renters.
Does anyone have any suggestion? Thanks in advance.
