Just a quick thanks

[hobgoblinn]

...for all the kind wishes and positive energy an all. I talked to my attorney this morning, who was delighted to hear I am in no worse trouble than this, given some of our past legal challenges. He said that foreclosure will pretty much kill the lease, leaving me with no legal rights to remain on the property. Someone's buying the property

Comments

[nwhepcat]

Though I don't think I said so, I sent good thoughts your way.

I just read an article about all the people who are losing their homes due to the subprime lending boom a while back, and the housing market ain't what it used to be. That's why people can't just sell and make a profit, which is what they anticipated doing if rates skyrocketed and they couldn't meet their payments. So the fact that he's asking more than he paid when most people can't get what they put in is possibly part of the problem.

If someone could persuade him it might be better to lose some money than EVERYTHING? I don't know, I'm still fairly ignorant on all this. But I don't deal well with uncertainty, and now I'm glad I insisted on a fixed-rate mortgage when I bought my first house.

[gileswench]

I'll continue to think good thoughts for all involved...just as soon as my brain starts functioning again. In the meantime, it sounds like you've gotten good advice from your lawyer. That's a help.

[a2zmom]

Good luck. I'm glad you're able to look at the bright side.