So, tonight, I met with my realtor, and signed all the papers for the double listing.
One to sell, one to rent with the option to buy.
We canceled my original contract for the sale, and then will re-list it as NEW tomorrow. This will put it at the top of the MLS listings, and will bring it up in front of every realtor in the area as of tomorrow morning.
People who looked at it before will see it again, with it's new price, and with the rental option cross referenced.
COME ON PEOPLE! I am SICK of this....let's just get it the eff overwith!!
Failing this "plan b," my next option is to just stop paying my mortgage. Let it go a few months, save the money. Keep paying my association dues, and then quit my job, and move away.
Abandon my property.
(I would have to keep paying the association dues, so they don't completely ruin my credit.)
Then, do a short sale, based on my hardship situation (having to quit my job and move to be with my husband).
That will trash my nearly perfect credit, granted...but short sales only trash it for about a year.
If i default on the association dues, however, that's a TOTALLY different animal, and could leave me with a bad mark for years....so I have to keep paying that. It's absurd.
I'd really, REALLY prefer NOT to do any of this.
I just want the place SOLD! I know I am going to lose my full investment, but I don't care. I just want it DONE.
so...COME ON! What the feck??!! Can't SOMETHING go my way for a change???!!!
1 comment:
Okay, reality check.
Rent-to-own might not attract a tenant quickly. Flat out rental might. And the only difference to you in the short term is that you don't have to throw some of that rent into escrow.
There's no reason abandoning the property should even be on the agenda. If you want to move, and still hang on to it, negotiate with your lender for relief for a couple of months. Then once you find work in OKC, you can pick up the payments again - and even if the place is vacant, you won't be paying utilities, so that's a bit less expense for you.
You're not at the end of the road, Paula. Plan B AND Plan C are viable and protect your investment.
I hope and pray you can stop being so angry about this thing you can't control (the market) and start being excited about living with Dave - even if it doesn't happen in the ideal way.
Love you muchly!
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