Make a move

After about 2 and a half years in our home, it became clear that the job that I had was not going to lead to the career advancement that I had hoped.  Aside from the fact that I have children to provide for and bills and a car payment etc., the professional ceiling of my job became clear and I had to make a difficult decision: Make a move.

Luckily in today's economy, I found the right opportunity for my career and family, so it was a no-brainer, right? Well, there's the house. I should be able to sell it for at least what I bought it for?  Maybe lose a little bit of the down-payment?  I can deal with that risk if it means a better career, higher quality of living, right?  I clearly under-estimated the challenge ahead of me, as I never ever imagined that I'd be in the short-sale process.... after all, doesn't the short-sale situation just happen on HGTV?  And there's always renting, right?  I'd rent before going to a short-sale or foreclosure.. or so I thought.

I'm getting ahead of myself a little.  It's June, 2011. I have accepted a job in another state.  They are helping us by paying realtor commissions, closing costs, home warranty, etc.  I figure that I can easily move this property, as I don't have to account for any of that in the bottom-line of the house price.

Short-sale Sickness

There is no doubt that short-sales are prevalent in our economy.  You hear about them in the news.  Home owners that are desperate to avoid the "F" word (forclosure... what were you thinking?).  It's a great idea, get the bank to agree to a price that represent fair market value, then you are off the hook, right?

I am going through the short-sale process and have decided to write my story to make a record of the events that have happened to me during the process, from listing, to not selling, to still not selling, to listing as a short-sale, to getting an offer, and so on.  The other reason that I am writing this is to shed light on the short-sale process, in real terms, no spin, no BS, just offer you information if you are considering the short-sale option, know someone who is, or are going through the process yourself.

Maybe something in my situation resonates with you.  I hope you can glean insight and utility from some piece of my story.