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

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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.

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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

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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

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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

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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

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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.

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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

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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

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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

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