Personal Journal: the strategic default of the house we purchased in 2006

Friday, April 16, 2010

Catching Up

I went out of town for a week, and didn't blog, and tried to think about other things for a bit.

After 3 month on the market so far, and 50 realtor visits, someone made an offer on our house today.  Also, foreclosure proceedings should start soon, as we will be 90 days late in a few days.  It is a race to see if we can short sale our house, or the bank will foreclose.  We are skeptical that we will be able to short sale our house, as we are in no need.  The bank will have the final say.

An offer gives us a time line:  90ish days.  I hope the folks who made the offer have the patience of Job, and don't mind being disappointed if the bank declines.  If they can stand the heat, they will have a value-price dwelling!

I'm excited to think of renting as I am up for a change.  A friend even offered me a plot in her garden, so I can still have that!  I am trying to have hope and integrity.  An offer, or even any sort of movement makes that easier.

The news has been FULL of reports about our situation, and others like us.  Here is a clip from a morning show.  It is kinda a downer, so think about a cool trip to the zoo when you were a kid after you are done.  Let's not take ourselves too seriously.



I don't have TV, but folks are passing stuff my way.   Thanks so much!