Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Monday, May 24, 2010

We're Moving! . . . maybe

That's right, we're moving. Not the blog, I mean really moving. Like many people out there, we've been struggling financially and for the last couple months haven't been able to keep up with our mortgage payment. So, we've put the place on the market for a short sale. We'll be moving out of state and fulfilling our dream.

So, we've been scouring rental websites, my husband has been spending a lot of time on the phone to various rental management companies, and we've found several places we like. The other day we found one that was just about perfect, so we jumped on it and sent our application right in. It's a lovely place on a court, 4 bedrooms, about 500 sq ft bigger than the place we have now. There's a huge backyard perfect for our girls (the 4 legged kind that bark). Got the call yesterday that we were approved and needed to send in the security deposit. Getting ready to run to the bank for a cashier's check I got another call. "Oops, wait a sec, what about this mortgage payment we see?" Well, that's the house we're selling through a Short Sale process. "Oh, I didn't know that. Can you call *** at our main office and tell her that and make sure that is still ok?" WHAT!!! We stopped even considering any other places. I told my friends and family that we got the place. Showed them pictures. Posted it to my FaceBook account, and now they tell me "fooled ya, ha, ha, neener, neener, neener. You don't really have the house yet." Is it just me or is that totally ****** up? Not fair to tell us yes, then say "well maybe not." And of course the lady at their main office isn't there when I call. Her message says to give her 24 hours to call back. My sanity won't hold on for 24 hours! I'm going to lose my freaking mind by then. It's bad enough we lost all the equity we had in our house, that we have to move out on short notice, and I'm stressing out about that. A 2 day drive, with me, my son and our girls in my SUV and my husband in the moving truck driving half way across the country. Trying to find a hotel half way through that will let 2 big dogs stay in the room, and another in town since we'll arrive late on a Sunday. Stretching the money we've managed to save not paying the mortgage for a couple months plus my tax returns to pay the security deposit, 1st month's rent, the moving truck, and all the necessities we'll have to get as soon as we arrive. No, that's not enough stress to pile on one person. Don't be silly. Lets taunt you with the possibility of not getting the rental house we already told you that you have. I hope they're getting a good laugh out of this.

If I wasn't so against using alcohol to self-medicate, I'd go get a bottle of coconut rum and get schnockered! But that little voice in my head that tells me alcoholism is hereditary just won't let me drink to feel better. I'll get into that another time.

This is so frustrating. It's affecting my work, I can't convince myself to finish packing and getting the house ready to show. I have a short temper and keep snapping at my son (sorry kiddo). I feel tears burning the back of my eyes that won't fall, which is giving me a headache. I can hardly eat even though I'm hungry. And I just want to curl up in a ball and sleep for a week until it's all over. I don't feel like myself. For the first time that I can ever remember my mind isn't churning thought after thought. In fact, I can hardly keep a coherent thought in my mind at all.

I am trying to convince myself that I'm worrying over nothing. But what better to worry about than the future of my family? The very roof over our heads? Not quite ready to live in my car thank you very much. It's not like we can't afford the place. I make almost 5 times what the rent is on the place we're getting. I budgeted it so that we'd be able to put at least $400 in savings every month, and that's just my salary! Doesn't include anything my husband makes from whatever job he manages to get. Doesn't include anything I make off my home based business. I don't see the problem? The rent is $650 less a month than our mortgage. Come on people! Cut us a little slack, we're trying!

I'd like to say that's the end of my personal pity party, but I think I'll sit around and feel sorry for myself a little longer. At least for a couple more hours, I'll shake it off before my son's 8th grade graduation tonight. No point in feeling like this during such an important time for him. So I'll take all the sorry, worry, stress, and anger and tuck it into a tight little ball to store in a tightly locked box in the back of my mind, and give him the proud mama he deserves to have at his graduation. After all, you only graduate from 8th grade once.

So I'll go take a few deep breaths and maybe go grab a Starbucks coffee or a chocolate candy bar. And try not to totally go off the deep end until I hear back. Wish me luck.

Until next time,
The Blogoholic

Tuesday, February 23, 2010

Looking on the Bright Side

I'm trying to look on the bright side of life. Sometimes it's hard. Right now I'm facing the loss of my house, due to the economy. I'm talking to my mortgage servicing company (so annoying that I can't talk to the people who actually hold my mortgage, but have to go through some third party, whatever), about a possible loan modification. Honestly, I don't think I'm going to bother. I'll let that part of things run it's course, then talk to them about trying to do a short sale.

My neighbor has had his house on the market for several months now, and has had several people try and buy on his short sale, they've all gotten rejected. Guess no one can get a loan right now. I'm hoping we'll have a little more luck. Our place needs some TLC, we started some projects we ran out of money to finish, so it would be a good investment for someone who wanted to fix it up and re-sell it. The market is supposed to start picking up soon. It's just not worth it for us to stay in this place, we're so far upside down in the house that it will take forever to get back up to how much we owe and we'll never recover the lost equity. It's about time to wash my hands of it and just walk away. As much as that sucks.

But we've always talked about moving out of state, and heading somewhere that it snows. So I'm trying to look at this as a blessing in disguise. I just hope with the hit to our credit from the house that someone will still be willing to rent to us. We're good people, normally careful with our money, but with the nose dive the housing market took the year we were planning to sell, we got in over our heads with an adjustable rate. Never again will I fall for an adjustable rate mortgage, it's financial suicide! But, we'll soon be far away with a fresh start. Now I just need to tell my boss ad talk him into letting me telecommute...

Until next time,

The Blogoholic