Relief in sight and a big decision made

iVillage Member
Registered: 11-25-2007
Relief in sight and a big decision made
13
Wed, 02-20-2008 - 8:10am

Talk about something you NEVER THOUGHT you would EVER DO pre divorce!! I knew there was more than 4 LOL.


mom_uk2socal - Mom to DS22, DS19, DD16

Pages

Avatar for myprecioustwo
iVillage Member
Registered: 04-08-2003
Wed, 02-20-2008 - 9:21am
Ok, I'm confused. What decision are you making? Your giving up the house or are you staying in the house? I didn't quite understand. Sorry. Maybe it's too early for my brain to work correctly.
iVillage Member
Registered: 11-25-2007
Wed, 02-20-2008 - 9:28am
giving it up - foreclosure or short sale, and basically stopping paying pyts as to even do short sale you need to be behind 3 mths,

mom_uk2socal - Mom to DS22, DS19, DD16

Avatar for myprecioustwo
iVillage Member
Registered: 04-08-2003
Wed, 02-20-2008 - 10:04am
Yes. Got it. So what are you going to do then? Were you in an adjustable mortgage? Or did you buy a house that was over your limit? Just wondering since I am in the process of buying. I was approved for
iVillage Member
Registered: 11-25-2007
Wed, 02-20-2008 - 10:21am

i bought at the prices highest in history and I live in an expensive place for housing.

mom_uk2socal - Mom to DS22, DS19, DD16

iVillage Member
Registered: 10-10-2007
Wed, 02-20-2008 - 11:13am

Does a short sale damage your credit that badly?

April

iVillage Member
Registered: 03-15-2004
Wed, 02-20-2008 - 11:52am

I feel for you.

Photobucket

iVillage Member
Registered: 11-25-2007
Thu, 02-21-2008 - 10:02am

ok heres the info I have from an extremely reliable source.


Both short sale and foreclosure damage your credit quite significantly.

mom_uk2socal - Mom to DS22, DS19, DD16

iVillage Member
Registered: 05-13-2005
Thu, 02-21-2008 - 10:13am
I am curious - I know you have probably looked at all options, but what about refinancing and/or getting room mates?
iVillage Member
Registered: 11-25-2007
Thu, 02-21-2008 - 10:14am

thanks for your reply, just wanted to let you know I will respond more to yours later today, been really busy so far this wk.

mom_uk2socal - Mom to DS22, DS19, DD16

iVillage Member
Registered: 05-13-2005
Thu, 02-21-2008 - 10:27am
That could be a blessing - and a built in babysitter and friend!! Keep us posted!!

Pages