• What a shame. It looks like you are either going to have to sell the house or ruin your sister's credit. Never, EVER, risk your own credit for someone else.
  • something is better then nothing! try calling the bank and see if you can make a partial payment. You asked your sister to do this for you I am guessing and it wouldn't be fair to not make an effort for someone who has given you so much! weigh all your options before you ruin someone elses life. Credit is a huge thing to ruin and when it isn't even yours its even worse.
  • It's time to start selling stuff. Have a garage sale, get a 2nd or 3rd job, sell a car, do what ever you need to do to make good your promise to pay the loan (which may include selling the house and moving to a smaller place).
  • Your sister is a lip-strumming moron! This is exactly why you should NEVER cosign for another person -- no matter how close you might be or how much you trust them. You violated that trust. I would begin selling off personal belongings to catch up on your payments, or put the house on the market -- FAST! Good luck.
  • As a one-time banker, I can tell you this - loan officers are more than willing to work with you on paying that loan. 9 times out of 10, they can't recover the money they're out by reposessing your house and selling it, and what's worse, most customers won't come back to a bank that repos their house. So banks only repo as a last resort. Go talk to your loan officer, tell them what's going on, and ask if there's any kind of deal you can work out. If worse comes to worst, put the house on the market. I know you don't want to sell your home, but if you're going to lose it one way or another, then it's better to sell it and preserve both your credit and your sister's Keep us updated on how it goes.

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