I am on my way there! I have a home out of state that has been on the market for 2 years, price drop after price drop with no luck. We tried renting it and got burned bad, they only paid a couple of months and destroyed the floors and some appliances. We have been running up credit card debt on gas, groceries, insurance pretty much everything trying to stay on top of the mortgage and our current living expenses. Well we FINALLY got an offer about a month ago. It was 75K below our current asking price. Keep in mind that is 79k + realtor fee below what we owe. We negotiated it up to only 50K + reator fee below what we owe. Excellent. (vomits coming just thinking about this). We approach the bank about a short sale and they said no, because we have not missed any mortgage payments yet. The bank basically told us to stop paying for a few months, then ask again. So the buyers that made the offer walked. I have no way of coming up with the 60 plus to get out of this mess. This house is a hole in which I am falling deeper and deeper. It took so long to get this crappy offer, I don't know if another will come.
Today is the first day that my mortgage payment is officially late and I have not paid it. I havent slept for days. My hair is all falling out and I can't sleep. My blood pressure which has always been 110/70 was 164/92 this morning, heart rate 92. I am physically sick. I really can not afford to keep paying for this house. But this is awful. Awful awful awful. I am so thankful that I am not working today, I don't think I could handle that too.
Today is the first day that my mortgage payment is officially late and I have not paid it. I havent slept for days. My hair is all falling out and I can't sleep. My blood pressure which has always been 110/70 was 164/92 this morning, heart rate 92. I am physically sick. I really can not afford to keep paying for this house. But this is awful. Awful awful awful. I am so thankful that I am not working today, I don't think I could handle that too.