Con­tent Type — blog

cat­e­gory — pur­chase land

I feel so depressed that my fam­ily will lose our house

Guest Blog­ger: Diane LeVitus

Hi my name is Diane, my hus­band Russ have thought of every­thing we can do to save our house. We refi­nanced most of the $420 000 I own on an adjustable rate loan to a safe fixed 30 year fixed rate mort­gage. We have taken our $80 000 emer­gency fund; edu­ca­tion fund from our 20 month old son and took out thou­sands out of our 401k to put towards are mort­gage. In the end, our fam­ily will lose the 3 bed­room home to fore­clo­sure. My hus­band take home pay is $5000 per month, I work as a Bowen Ther­a­pist, my aver­age take home page is $3000. We can no longer keep up with our $5,200 monthly mort­gage payments.

I look back and won­der how did my hus­band and I even end up get­ting the mort­gage that we did. I am cry­ing right now because the movers have started to come in to move all our fur­ni­ture and belong­ings out of our home. Luck­ily, we can stay for the mean while at our aunts house in the out­skirts of the city. I am just grate­ful my aunt who is a spin­ster was very savvy with money and owns her home out right oth­er­wise our fam­ily would be on the streets. I will come back in a few days to tell you what we plan to do. Thanks for listening!