Yes, this was a good read. I’m glad there is someone out there taking responsibility and not looking to blame others.
I’m in somewhat of a mess myself, and it is clearly my own fault.
“I’m in somewhat of a mess myself, and it is clearly my own fault.”
I am in the same boat. I moved to Phoenix and bought a lovely house (my wife, three teenagers, three dogs and myself). We decided to move back east, but housing prices have dropped 20%. Well, I am working uber-overtime to pay off the unpaid balance.
I could do a “short sale” and stiff the lender for the difference between my sales price (less Realtors fees) and the unpaid balance. But I signed a Promissory Note saying that I owe the lender the money. Seems pretty straightforward to me. Honor thy debts and promises.