I finally got around to calling a real estate agent on Tuesday (thanks Maddie!) and found out some bad news. I wasn't expecting good news- but it was worse than I thought. Houses in our neighborhood in AZ are selling for between $139,000- and $170,000. No, wait, I phrased that wrong, they are listing for that much and selling for even less.
So considering that we still owe a whopping $240,000 it's not looking so hot for us. Not at all. My first reaction was to think that we should just hang on to it until the market improves. But that could be YEARS and even with renters in it we are still paying out $900+ a month. So my second reaction was to just not think about it at all (which is kind of what I've been doing for the past few months). Jeff, on the other hand, called his dad for advice. He said that we should just let it go into foreclosure since the loan is only in my name (thank goodness!). His words were "quit feeding a dead horse." Initially I was really against the idea- I'm not a big fan of trashing my credit score. But being able to save that money every month would be fabulous and maybe it'll keep me and jeff from making some crazy quick decision to buy a house in the next little while because heaven knows we aren't great at holding off on things once we get the idea in our heads.
So who knows. Dumb house. BUT silver lining or whatever is that if we hadn't moved there we wouldn't have gone to the fertility doc and so we wouldn't have elea right now-- and she is definitely 100% no questions asked worth it.
Showing posts with label house. Show all posts
Showing posts with label house. Show all posts
Thursday, November 13, 2008
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