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Welcome and thank you for your question. I will be the Attorney that will be assisting you.
Have you considered filing bankruptcy?
Filing bankruptcy, if that is an option, would stop a foreclosure. You would not need to sign the consent if your filed BK. Where in Georgia are located so I can provide a link for a local Attorney that provides FREE consultations that could assist you. We are a general information site and pursuant to the terms of service would not be able to represent you personally, however we can get you headed in the right direction.
Just to clarify this is a mortgage on real property?
Got it! If you don't have the money you don't have the money and agreeing to $70,000 plus interest payable immediately is not possible.
If the loan has been default for this long and they will not agree to any additional time I would not want you to sign the consent. I would speak to the Attorney prior to the mediation so all of your options can be taken into consideration. Sometimes these situations happen to us.
You will want to sit down with a bankruptcy attorney and discuss the options. I would also make sure to let the Attorney know that you are being pressured to sign this consent judgment when there is no realistic way to pay. http://lawyers.findlaw.com/lawyer/firm/bankruptcy-law/fulton-county/georgia
If you have no assets as I don't see that you can pay any amount immediately.
I am not sure why but your question was posting in an odd format.
Please do not hesitate to ask me any additional questions that you may have with regard to this matter. It would be my pleasure to continue to assist you. Please let me know how everything works out.
If you would be kind enough to rate my service positively so I will receive credit for my work I would appreciate it.
I hope you can pay for this question without hardship.
YOU DO NOT HAVE TO PROVIDE A NEGATIVE RATING TO RECEIVE A REFUND.
I wanted to follow up with you and see what you decided to do in this situation?