Unbelievably Stressed

[Joel Fraser]

We want to remain in this house. Period.Background: My SO bought this house after his mother passed away in 04. This was his family house since the late 70s. Basically, when he had it refinanced under his name, he put down enough cash that all that remains to be paid is $72,000. Due to me being a fulltime student (since 05 and I JUST finished late May; making me done with school), I haven't worked save for the odd job here and there.He is the sole income earner of this household. Since this past summer there has been a whole host of issues (on top of the general cost of living expenses) that have made it increasingly difficult to stay on top of the bills. Medical, etc.However, he kept it from me due to not wanting to stress me out while I was in school (he was as focused as I to get done with school and get my diploma!). I became aware early May from a note from the lender (USAA) and called him immediately. I thought all was well until last Tuesday when the letter was delivered with the default notice. There is about $5,200 owed. I've called my parents and they're sending $$. I'm looking for work. He's selling what he can to gather more $$. And he's also been told by the lender that his file will be up this week for review for loan mitigation (is that a loan modification as well?) - he was told this last week after he called them. Also, I've filed to cash out on a public employees 401k plan and that will bring much more needed $$ for the mortgage. What boosted me to post here is a phone call I just rec'd from some woman who saw a foreclosure listing with our home and she wants to buy. I told her positively no. We are going to save our home. Period. End of discussion. However, paper says it's up for auction in October. I not only hope we can stop it, but am doing everything possible to keep it from happening. Am I being too optimistic?All we need is for me to get a part-time job and we'll be okay and we hope the lender will get it and work with us. BTW, my SO's family has a LONG history with USAA and I hope this is taken into consideration!One more thing: thank you for this forum. Thank you. As much as I'm grateful for this forum, I'm so stressed. Absolutely.