About Me

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My husband and I are both 35. We have two small children, ages 5 & 2. We are a military family in the midst of the foreclosure process.

Our Story:

Our family has been facing the idea of foreclsoure for the last year, but it has now come to decison time....

Our brief story......My husband is currently on Active Duty in the Air Force. In June 2006, we were sent (called a PCS in the Air Force) to Las Vegas, NV. At that time, we purchased a house for 455,000. This was well in our means and affordable. Nothing large, 4 bedroom 3 bath. It was next to impossible to even get a house at that time. We put 10% down plus an additional 50,000 to finish the house (it was new construction and needed landscape, window treatments ,etc.). Now, 3 years later, our house is worth 212,000 - we have no choice but to "walk-away" from our dream home.

This past summer we once again moved for the military. This time to Kansas. We knew our future looked dismal. Fortunately, we were able to get renters in our house; however, they were paying less then what we owed our mortage company monthly. These renters have turned out to be bad news. They have been late on payments and are now leaving our house. Now, unable to get renters, plus knowing that we can not afford the additional payment of 3,000./month, we have no choice put to walk-away.

We have tried everything else we know of. Over the past year, we have sent several "hardship letters" to the bank. All of which have been denied. In addition, we even "qualified" for the "loan modification program" from the government. However, after two weeks in the program we were sent a letter stating we were denied for no reason. What a joke that was:)

Monday, January 25, 2010

The calls continue....

This weekend was quiet.  No calls.  I was actually wondering what happened???  But, the calls have since picked back up this morning.  The bank has already called a couple of times this am.  They are not leaving any messages. 

Last night was hard for me.  I layed in bed thinking of all of the hard work we did on our house.  We spent hours making it our "home" i.e. custom office shelves, custom closets for the girls rooms, the whole back yard (we shoveled every last rock., built the plant shelves, etc.).  So much work.  I must remember that this is only a bump in the road and this too shall pass.  Somedays, the bump seems like a mountain.  Last night was one of those day.  However, this morning I feel better about our decision.  I know it is the right and only decision for us.  But, it is still hard to leave our "family home."
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