Climbing Back into the Boat Navigating an Underwater Mortgage
Posted 14 January 2011 - 05:46 PM
Do you absolutely love your home - or could you live without it?
Can you afford your monthly payments?
What are the costs of renting a place to live in your area vs. the costs of your home?
Posted 15 January 2011 - 08:38 PM
As I think about these things - and try not to think about these things I think my next step is continuing to go through the house and sell anything I don't want anymore... That's one way to get some of my financial resources back anyway.
Posted 16 January 2011 - 01:18 AM
Posted 16 January 2011 - 01:50 PM
I went through a merger and job loss myself...
Through the merger people around me kept getting sick. Hospitalized from stress complications due to fear of losing their job, (and the money that was funding their current lifestyle.)
The merger was about 12 or more years ago.
The friends I have who survived the merger are now happier than they were before the merger. I can honestly say that I am too. Once I gave up the fear surrounding my job - a better opportunity presented itself.
I've got a little one in the background crying... I'll come back to this later.
Hang in there - think about what really matters. You, your health, and the health of your family. Is it the physical structure that really makes life worth living - or is it the people that surround you?
Posted 17 January 2011 - 05:34 PM
The front of the magazine says, "Say yes to life". It also has a great article on page 43 about Vision boards...
Hmmmm - Time to start my vision board perhaps? What if I can turn this situation around.
Maybe I'm getting my grove back.
Posted 03 February 2011 - 01:59 PM
He recommended talking with the 2nd mortgage company to see if they would dismiss the loan. (I forget the technical term)...
I also noticed in todays paper that Chase (my 1st mortgage co) is opening an office close to where I live.
Posted 06 February 2011 - 01:37 PM
My husband and I have some assets and feel like we need to dig ourselves out of our mortgage hole (even though we aren't attached to the house and it would only ruin my credit, not his, if we foreclosed) because we'd probably get sued and have our our emergency savings and other assets seized anyway.