Another foreclosure on our street...Is it time to get positive?
That's now 2 foreclosures in 2 months :( And, just like the other one, i can literally see the place right outside our living room window! Perhaps they both partied together??? Arghhh....But you know what? I'm done ranting about it all, i've said my peace last time and it didn't get us anywhere (although it did make for a good blog post!).
Yup, this time i'm gonna be Mr. Positive and help create a happier atmosphere up in here :) You know, in the spirit of Christmas and all. So let's get started!
1. The Foreclosuree's can now start fresh.
This may be pushing it, but it's true! Imagine all that stress and frustration they must be feeling? Sure your life is in shambles and you have to start all over again (esp if you filed Bankruptcy, which i'm assuming would happen), but you just got rid of your #1 liability!
2. Someone's gonna get a helluva good deal!
Word on the street says the place is going for $225k!!! Considering we bought our townhouse for $360k, and our neighbor's for $350k, that's a 35% discount! Our places aren't *exactly* the same, but who really cares at this point...if you're a shopper, you'd be crazy NOT to pick up the cheaper one.
3. It'll probably be the last foreclosure on our street.
I say this only because the "core" residents here - about 75% - have owned their places since construction ended in the 80's. So most of them have probably already paid them off, or are close. The two pulling the foreclosure cards have been newbies so dar, and there's only a handful of us around. You can never tell exactly what's gonna happen, but this is all about staying positive ;)
4. We didn't lose any good friends.
That's a good thing right? It's not like i'm THAT close to any of our neighbors anyways, but it would def. suck if any of those living side-by-side of us left :( We've been getting pretty close to one of them, and would hate to see anything horrible happen over there.
5. It forces us to stay on top of our game!
This is probably the most important of the positive outcomes - making us pay even CLOSER attention to our finances so we're not next! I'd like to think we're already doing this, but a little *extra* attention never hurt. Plus, imagine if God forbid we DID have to foreclose after all this $hit i spilled last month?! I guess at that point it would be the least of our worries, but the whole idea is still scary...
How'd i do? I gotta admit it was pretty hard at first to come up with, but once i put myself in OTHER people's shoes the positives started flowing in :) I only hope that it does us all some good, i can only take so much bad news at a time. HAPPY XMAS EVE-EVE!
Labels: foreclosure, home ownership
posted by J. Money at
11:09 AM
8 Comments:
It is nice to see a positive post about all the bad things happening!
well, we gotta do our best sometimes ;) it's not easy, that's for sure...
Wow. It IS hard to see the positives. We are selfish by nature, and so when something has a negative effect on us.... well, there it is. We are in a similar situation. Sort of. lol. We bought our house for 645k in June/July. We are just starting to look into refinancing since the rates are sooooo low. (and who wouldn't want to save 100k+ over their 30 yr loan, right?) BUT, there is a bigger, nicer, newer house about 4 doors down that has steadily decreased in price. like, majorly. Started out in March at 777k, and has since dropped to 605k. Makes us really worried about our home's value, and now we aren't sure if we CAN refi. :( So there, sorry but I had to throw some negativity back in the mix. :) On the plus side, we aren't selling, or moving, or technically hurting- finances wise. So we're good.
LOL... you said Christmas Eve Eve!! haha We call it that every year but I thought we were the only ones.
you did pretty darn good! i remember the first post;-).
Definitely stay positive! You already seem to be staying on top of your finances so you just have to stick with what you've been doing.
Thanks guys!! yeah, it's hard as hell staying positive sometimes, but it feels good when you can pull through...although it can sometimes feel even better just ranting about it too! haha...guess it's just whatever you're in the mood for at the time.
MERRY XMAS everyone, enjoy the nice loooooong weekend :)
you did good. :)
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