Wednesday, April 3, 2013

The Road to Foreclosure

When I initially moved into my place, I wasn't planning on staying very long. In fact, I was experiencing more than a little fear of commitment and I had a terribly hard time signing a lease for a full year. It made me feel like I was going to be stuck in one place forever. Had someone told me I'd be here for nearly three years, I would have scoffed at the notion. Now, as the 3rd anniversary in my condo approaches, I'm faced with so much uncertainty.

While I have been faithfully paying my rent, the owner has faithlessly stopped paying her mortgage. I've considered asking her if she'd be willing to sell me the place, but with the train and the recent humming sounds coming from a nearby unit, I'm not sure I want to. I have a feeling my price point would be lower than she'd be willing to accept if I did. So, while I know I have rights as a renter, I'm revisiting the idea of a more permanent option and looking at possibly buying a place elsewhere. Unfortunately for me, the market has been on the upswing, but if a short sale fell into my lap, I'd be one lucky girl.

Last week I found a condo for sale in the same complex that would have been perfect for me, but it was snatched up so fast that I didn't even have a chance to think twice about it. I definitely need a place that has at least as many square feet as I'm living in already because I don't want to have to sell any of my furniture. And even though I enjoy the condo life, ideally I would like a place with a yard so I can add a large furry friend to my life.

I'm a firm believer that everything happens for a reason. So, there is a reason why that condo sold so quickly and why my place is in pre-foreclosure. It's definitely a learning experience, but it's nerve-wracking. The whole situation gives me anxiety because I have no idea what is going to happen over the next few months. So, I'm taking everything one day at a time. There isn't much I can do at the moment except be prepared as best I can...and pray. And the Lord knows I've been doing that.


xoxox
kk

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