Bad Situation Looking for some help

[MrStress]

Hello... Just wanted some advice what I should do.

I live in florida and I purchased a home back in 2004.. Within a year things went bad for me, I was headed into foreclosure. But I found an investor to help me out in the meantime. Well to make a long story short mortgage keeps on changing and come to find out that he has taken money out of the home.. Im struggling to meet the payments over $2000 a month. Well I would like to sell it but my name is not on title, he said he will give me the title for $5000.. Problem is that I no longer qualify for the home my credit score in the 400's.. I have just been paying for the house, and I no longer trust this guy, right now im hurt and stressing begging for some help can someone please steer me in the right direction please..

[OregonLO]

So basically this guy owns your home and you are renting from him. Is there any equity left in the home? If there isn't I'd simply put in a 30 day notice and walk away from the house. Rent something cheaper and restore your credit so you can buy down the road. It sounds like if he's pulled money out there isn't much equity left, especially after you'll pay Real Estate agents to sell it.

[IntlMtg]

Exactly. I would just be thankful that you avoided a foreclosure and the problems associated with that. If the mortgage & title are no longer in your name better to walk away - I know that is going to be really hard , but maybe better to cut your loses now instead of throwing more good money after bad...
...find something cheaper, fix your credit, save some money - If you really love the house who knows maybe you can buy it later, but you have to improve you credit and liquid cash situation 1st...

[MrStress]

The pay off on the house is 285,000. Home is Valued at 335,000.

Exactly. I would just be thankful that you avoided a foreclosure and the problems associated with that. If the mortgage & title are no longer in your name better to walk away - I know that is going to be really hard , but maybe better to cut your loses now instead of throwing more good money after bad...
...find something cheaper, fix your credit, save some money - If you really love the house who knows maybe you can buy it later, but you have to improve you credit and liquid cash situation 1st...