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fxtalon

USDA Loan In deceased parent's name, house in my name. Foreclosure

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I inherited my house from my mother. The loan for the house was kept in her name after her death, the house is now in my name.

 

I am self employed. This past year my business ran into troubles, and my income went to nearly nil. Credit to some big dings, and I am in low 600's across the board. I fell behind on the mortgage.  I have the money to catch up ( 3000.00), which only came in this past week. I was planning on making that payment tomorrow, but today received notice from the USDA that they are opting to call in the loan on the house. I have until the 4th of January to pay the owed amount of $58,000 or they will foreclose on the house.

 

I don't have 58k. 

 

Complicating the matter is the USDA will not talk to me. The estate was recently settled. My Aunt is executor.  The USDA did tell me that there are extra papers we need to file to move the house into my management in order for me to talk to them. When my mother died, we sent her death certificate, and verification forms. They do know technically I own the house. 

 

I was unable to get ahold of my aunt today.

 

In the letter, the only options for discussing this with the USDA is under the conditions that they made an error in what they are doing.

 

They made no error. Factually I am behind on the mortgage. 

 

They offer 1: An informal reconsideration hearing to present "new evidence, new information, evidence, and/or possible alternatives, along with your request".

 

Does that mean if I give them the funds to catch up the arrears, they will not foreclose?

 

I don't want to lose the house. I certainly won't be able to get a mortgage for another one. The only other alternative I know is chapter 13, which seems a bit silly, since I literally only have student loans, and 3 nearly empty credit cards. No car loan, nothing else. Basically $3500 would pay off the cards, and catch the house up. 

 

Specifically I just want to know since I have the funds to catch up, will they likely opt to take the payment and stop the foreclosure, or are they probably going to force the foreclosure since I can't pay $58,000 for the entire mortgage.

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