Ottawa Real Estate Investors Organization

Hi there,

I was just wondering what I could do to help in this situation.  I
know an older couple (he's early 70's and she's late 60's).  He's a
medical doctor and the sole breadwinner.  He suffered a stroke
several months back and has been out of work for quite some time
while recovering.  Lifestyle was pretty overextended.  Strong
income, but plenty of bills.  careless with credit cards and credit
not so great.  Just found out that he was able to get back to work
and is making monety again, but in the meantime, mortagage has been
late and they are now in default.

Mortgage company gives them until 15th of the month to come up with
the $2500 mortgage payment or it will start proceedings.  He will
enough money for next month, but is very low since he just started
back to work and receives pay once per month in a private practice.
unable to receive a loan due to poor credit.  What are their options
in this situation if they want to keep the house and avoid
foreclosure?  Is there anyone to approach to get them some short-
term cash relief?  Thanks.

Mike