This just in: Moving is still not fun
We decided to run away from the condo we bought two and half years ago. We bought it just before the housing bubble burst. It’s worth about 50 grand less than we bought it for now. My brother/roommate lost his job, so we lost his rent. My sculpting classes never took off for a variety of reasons. Heather’s medical issues are putting her in so much pain she can’t work as many hours as she used to. All this adds up to an inability to sustain our current mortgage. We heard from others various stratagies for getting out of a mortgage. I’ve got a co-worker who simply stopped paying his several months ago, and is just saving the money he would be paying, knowing that he’s going into foreclosure whenever the bank gets around to it. I thought about that. I couldn’t really do it in good conscience. I signed an agreement and I like to do what I agree to. The next best thing to foreclosure is a short sale. My other brother’s in-laws had just done this recently and they...