Today Show Housing Market Video | Psychology of Financial Strain

I really need some advice. I bought a house in January with my girlfriend. We had planned to marry. As we were moving in, she changed her mind, and moved all her stuff back to the apartment we shared. We are not getting back together. I cannot afford the house payment by myself along with my other bills. I have 2 car payments (about $500 monthly), 1 $500 credit card, 1 $1000 jewelry card, and utilities along with the house. I am afraid I am heading for bankrupcy. I have a full time job, but haven't been there a year yet. Should I try to consolidate anything? And how or who do I call about that? Should I call all my creditors and tell them the whole truth about my situation? What good will that do? What do I do about my ex's name being on the house? Should I be trying to get her name off quickly? Can she come back and take the house from me at any time? Do I need a lawyer? I would have gotten one, but can't afford too at this time. Where could I find legal advice without money up front? I do know that a lawyer has to be present for her to sign her name off the house. Thank you for any advise you can offer. 

Hi M,

Consider counsel from local Legal and or Financial Aid counceling.  You've got a full plate that needs professional help.

Joe

People looking to either move into a cheaper home, or a first home with the means to purchase, should look into foreclosure auctions.  Foreclosure auctions are obviously more widespread, since the housing market and the economy aren't exactly in the greatest of shape.  However, there are a plethora of foreclosed homes for sale nationwide, and people looking to get into real estate, or get a home for cheaper and refinance, then an auction just might be the ticket for you.  It's also a popular option for people looking to pick up rental properties.  However, if getting into a home for cheap, or looking to keep owning and get some debt consolidation, foreclosure auctions might be the ticket for you.