a bit of history and background: before Larry and I married 2 yrs ago, he rented a house for us, mainly to give us the opportunity to look for and buy a house together (kinda hard to do when he was in Utah and I was in Texas), so he found a little “starter home” in a decent subdivision, and we’ve been here for just over 2 yrs now… we’ve been looking for a “real” house for the last ~6 mos or so, but we’re finding that most owners (usually out-of-state investors) would rather let the bank repossess the house than rent or lease the property (we’re still not quite in a position to go the conventional loan route to buy a home) — the bottom has basically dropped out of the market out here for homes in the $350k+ range, but there are an awful lot of sellers who’re still in total denial, even tho’ their houses continue to sit empty, until the banks repossess; if we were in position to buy a short sale or repo’ed property, we’d have moved already, there are SO MANY homes available under those circumstances…
skip forward to the present: yesterday, my DH opened a letter from the property mgmt company to find a letter that feels like an eviction notice: the owners of the house we’re currently renting have decided to rent the house to their father, and we have 30 days to move out.
needless to say, this has TOTALLY stressed me out, but after attending church services today, I’ve decided to make the effort to have a more positive attitude about the whole situation… I just commented to an acquaintance last week, whose son had just been through a difficult ordeal, that “whenever the Lord closes a door, somewhere He opens a window”; I don’t know what He’s trying to teach me here, but maybe it’s just an opportunity for me to demonstrate more control over my reactions to conditions in which we find ourselves through no fault of our own, or perhaps we’ve “served our purpose” in our current ward (local congregation), and the Lord needs us elsewhere now… whatever the bigger reason we’ve lost our home (beyond the landlords’ decision), I can either make myself and my family miserable during this transition, or I can make it easier on everyone, including myself, by having more faith in my own abilities and in the Lord’s willingness and ability to bless our family sufficiently for our needs…
Sunday, 6 July 2008 at 18:18
I am so praying for you fellow eSMArts team member!
Best,
D
Sunday, 6 July 2008 at 21:35
Are you sure you still “don’t qualify”?? If it’s something you want, you should talk to the bank doing the repo on a house. In general, they want to have money– not real estate, and if they already have a lot of real estate, they may be ready to “deal”. Couldn’t hurt to ask….
My hubby is in the process of buying a condo near where he works– originally, they were priced over $400K, but the developer couldn’t sell them at that… Wells Fargo set up an auction for most of the units… hubby got one for $256K (still has to go through closing). To get in on the auction, he only needed $2500 “cash” to be considered, and then has to come up with 10% down. This is for a new, never occupied unit. If for whatever reason, the deal doesn’t “close”, he gets his $2500 back.
Tuesday, 8 July 2008 at 17:38
Good on you for taking it in a positive light. Although its annoying and a bit worrying, I am sure you will find something – it will be something you will have had a hand in choosing and that will make it even better and worth the hassle!
Friday, 11 July 2008 at 15:59
there’s every possibility that the light at the end of the tunnel might turn out to be daylight and NOT an oncoming train after all… I’m trying not to set myself up for disappointment, but I hope I’ll have an update w/good news here in the next few days… thx for your kind thoughts, ladies! ~~T