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Bailout effects
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<blockquote data-quote="Love the sunshine" data-source="post: 198882" data-attributes="member: 5759"><p>bby, you have company. My husband and I were in the same position as you - almost identical as far as payments, etc. In fact, I'm 41 and have been married for 19 years too! Misery loves company. For us, we were at the beginning of all this mess. We were naive. We never thought house prices would drop as much as they did, and mistakenly thought we would be able to refinance. Wrong!</p><p> </p><p>Well, we tried to sell our house when the payments started to increase. It was on the market for 18 months - we dropped the price numerous times - to much less than what we paid. Needless to say, it didn't work. We lost everything.</p><p> </p><p>I used to have excellent credit. I don't even want to know what it is now. We have no debt, but no assets either. With my difficult child, my dysfunctional family, my financial problems, (not to mention the stupid colonoscopy I had to have - ha) I feel like there is no more humble pie left in the world because it's all been shoved down my throat. Sigh...Ok, I'm done now.</p></blockquote><p></p>
[QUOTE="Love the sunshine, post: 198882, member: 5759"] bby, you have company. My husband and I were in the same position as you - almost identical as far as payments, etc. In fact, I'm 41 and have been married for 19 years too! Misery loves company. For us, we were at the beginning of all this mess. We were naive. We never thought house prices would drop as much as they did, and mistakenly thought we would be able to refinance. Wrong! Well, we tried to sell our house when the payments started to increase. It was on the market for 18 months - we dropped the price numerous times - to much less than what we paid. Needless to say, it didn't work. We lost everything. I used to have excellent credit. I don't even want to know what it is now. We have no debt, but no assets either. With my difficult child, my dysfunctional family, my financial problems, (not to mention the stupid colonoscopy I had to have - ha) I feel like there is no more humble pie left in the world because it's all been shoved down my throat. Sigh...Ok, I'm done now. [/QUOTE]
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