Thursday, May 26, 2011
We lost the buyers
Our short sale began 125 days ago. Today we lost our buyers. Bummer, because all we needed was a closing date, everything was negotiated. The banks took too long. Not only was it a bad deal, it was one that was taking an eternity.
So, now we live 4,000 miles away, with a house still on the market, and a mortgage payment that isn't going away anytime soon.
Its time to put on my big girl panties, and take some action. Cause, all the crying and whining in the world won't fix this problem. Too bad, huh, because I am fairly good at those two thing! LOL! At first, I was hysterical. Then, I was angry. Now, its time to abandon the short sale idea, and try a new tactic.
That will begin with, return the rental car. Yah, I have to take the car back. People are so friendly here- so I think I can make this work. I need a ride back from the car rental place. I need a ride to the OB next week. If I can't get a ride to the OB, I need to spend $66 on cab fare. But, I think someone will help me. I will likely need a ride to the commissary, so I can buy food again at some point. And, I need to take a long slow walk to the housing office a couple times over the next couple weeks, to turn in hotel receipts and get a house. If the house isn't on base, well, then I will need a ride there. But, I have made at least 8 friends. I think someone will rescue me. It will save me over $500 to do this.
Then, we need to turn off the utilities at the house, its not going to freeze, so I think this is do-able.
We need to reset the price of the house, and pay off the home-equity loan. That way, we can sell it for less. This is nearly possible. Not 100% possible at the moment, but I think over a few months, it could happen. Tenants perhaps? I am not sure about that one. But, if we got a year lease signed, we could frantically pay off this place, and drop the price next year.
No dance, no swim lessons, no t-ball or sports. The extra-curricular activities for the kids must me free stuff. This will be a major change for us, but we can do it.
I have all my baby gear, I have all our homeschooling supplies. I have clothes for everyone, and I can cook frugally. I have done that before.
So its make mortgage payments, pay off the home equity loan, consider renters, and re-list this house. We will not do a short sale again. We will not wimper and cry. We will tighten our belts and get the problem solved. We will pray, and seek wisdom from the Lord.
Life will continue, and I can continue to be thankful in all things- God has not abandoned us. He has blessed us in so many ways, and I can trust that he will continue to care for all our needs.