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Monthly Archives: January 2010
Foreclosure Thoughts, It’s an Ongoing Thing
Work was busy today, that’s always good to keep the monkey mind focused on work. I think I wore myself down already searching websites for what the rentals in our target areas look like. I’ll take a break on that. … Continue reading
Putting a Stop to Mortgage Payment
We’ve decided February 1st is the day we will stop mortgage payments. After the discussions we’ve had we can’t see prolonging it any longer. We’ve already crossed the line mentally, now it’s time to do it.
Foreclosure Link
This is the best link, paper written by attorney in Phoenix on walking away from your underwater home. WalkingAway1029.pdf I18N YGP.SaveAll I18N YGP.SaveProgress I18N YGP.ViewAfterSave
Link on Foreclosure, Walking Away
http://www.housingwatch.com/2010/01/25/the-new-mortgage-revolution-walk-away/?icid=main|main|dl3|link1|http%3A%2F%2Fwww.housingwatch.com%2F2010%2F01%2F25%2Fthe-new-mortgage-revolution-walk-away%2F
Getting Ready To Do It
Each day allows for mental processing of what we’re about to embark on, a strategic foreclosure. It gets less scary as the days go by and as national news picks up on the re-trending of people walking away from their … Continue reading
More Thoughts on Foreclosure
I spent awhile today looking at townhome rentals in our target area of Livermore, Dublin, Pleasanton. A lot of areas to explore. I saw several two bedroom homes and began to look around me and the house we’re currently in … Continue reading
The Bank
We’ve talked to the bank about a possible loan modification; they won’t discuss this option because we’re not 90 days behind in our payments. I told them we could fix that very easily.
Starting To Look Forward
We drove in to the East Bay Saturday for lunch. As we drove through the rolling hills of Livermore and Dublin we noted signs for new homes, condos, and townhomes and I quickly pulled out the trusty little notebook I keep … Continue reading
An Ongoing Process
We came to our senses. Short sale is not an option…duh, we’d be hit with capital gains taxes. So here we go, it’s a strategic walk away. Our decision is a given, now just the scary decision of when to … Continue reading
Foreclosure:Walking Away
We’re starting to research and think about off loading our underwater house. A journey taken by many in the last year or so. Our first step was to visit an attorney this week for legal guidance. Two options were thought to be … Continue reading
