Random Thoughts by MommaSquid

Thursday, November 12, 2009

It’s Been a While

I didn’t realize I had been away from my blog for so long. Let’s get caught up, shall we.

Hubby and I refused the credit union’s kind offer to grant us a short sale if we agreed to pay them $15,000 in order to receive said approval. The credit union did not change their stance regarding the denial and we received our notice of trustee’s sale.

A few days ago, we moved out of our house and into a very nice rental home in our neighborhood. The house is bigger than the one we owned, more affordable and repairs don’t come out of our pocket. Sweet!

We are completely protected from any collection attempts on the debt we left behind. The proposed changes to the Arizona Anti-deficiency law (which I referenced in my previous post) were not passed.

We do need to rebuild our credit score, but in a few years it will be like none of this ever happened. We won’t drain our savings in order to hold onto a house that is sadly in need of repair and worth a fraction of the mortgage amount. No, it hasn’t been an easy process; but I see this as a positive resolution to our problem.

Your mileage may vary.

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