I turned in my 27th application today. I also got an interview for Friday. One interview for 27 applications.
We started the loan modification process last week (4-5 months it will take if they can even help us) and Friday we are meeting with our Realtors to put our home on the market. I doubt it will sell, even as a short sale, but we need to do something to protect ourselves from a foreclosure.
So far everyone in our close circle of friends and family has been really supportive. Except for my MIL. We talked to her on Mother's Day and updated her on what is going on (except for putting the house on the market, we just decided that Monday and aren't going to tell you quite yet) and she totally flipped her lid.
We explained that we only have enough money to pay for one more month of bills and after that we will stop paying the mortgage and pay our other bills. We also told her we were OK with where this is all going, and by OK I mean not ready to throw ourselves off of a bridge OK, she is not. She told me I need to look harder for a job and that even a job making $5/hr is better than nothing and that would at least help. We told her I was looking and haven't heard from anyone and even if I were to get a job making what I was before (NOT LIKELY) we still would not be able to pay the mortgage.
She hasn't returned any of our phone calls this week. It's really quite sad that she is so upset by this. I understand her being concerned because we are her children. I think she is taking it a bit too far though. The main issue is that we are Christians and she is not - therefore we make our decisions based on the bible and prayer and she doesn't. She doesn't understand anything that we are doing. We both feel, as do my parents and friends, that we are being pro-active and trying everything we can not to go into foreclosure. She sees this as being irresponsible.
Even if we were able to keep the house, we would more than likely not be able to sell within the next 10-15 years. The market here has crashed so badly and is still bounding lower that it wouldn't make much sense. We are already $75,000 upside down in our house and things aren't looking better right now.
We know that God has a plan for this and we feel like we are doing everything we can (I am looking for a job daily, we are making good faith efforts to pay our bills and have gotten several processes started to save the house) and whatever happens will happen. It's just sad that she is taking this so personally that she can't even talk to us right now.
We are both doing ok with all of this, not great, but ok. It's never a fun prospect to lose your home. But in reality it is just stuff and we cannot take stuff with us when we die. Nor were we put here on earth just to accumulate stuff. I keep repeating to mr. sparky that it doesn't matter where we live or how many cars we have or how much xtra stuff we can afford. As long as we are together and we are doing well, that is all that matters.