Can I Prevent Foreclosure On My Home?

Now, before you start feeling sorry for an old lady in the autumn of her life who is about to lose her house: STOP! I am actually relieved about this life altering event. I have enjoyed every minute of being in this house since 1984. It has served me well. It has brought me years of contentent and fulfillment. Now, it's time to let it go.


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I Fell In Love With This Old Florida Cracker House

It was love at first sight when I first saw the old house that was to be sold at public auction. It looked so similar to the house I grew up in. It had so much character! The house is an old Florida Cracker house that had been built in 1900 and served as a Guest House. That was before many motels were built. Families with children would come and stay in the house. So, each bedroom has its own entrance and private full bath. Oh, how I wish these walls could talk and let me hear the conversations that must have gone on, and especially hearing the children laugh that stayed here with their parents! When the day of the auction came, my bid of $3,000.00 was accepted and I got the house. I paid a house mover another $3,000 to relocate it onto a lot I had previously purchased. The house had to be brought up to present building code, so I spent another $65,000 to get that done.


The Finished Attic

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My Flower Garden

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My Roses

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I knew the house needed a lot of work, and I was so excited about getting all that done. I’m a big “do-it-yourself” person and I looked forward to painting, wall papering, sanding the hardwood floors, and varnishing them. There was an unfinished attic. I could just visualize turning that space into large room that would be all mine. It would have room for my antique bedroom set, a living area, another area for my sewing, my office and a bathroom. I took a legal sized pad up to the attic and drew my plans to scale. I just couldn’t wait to begin that task! I had pine paneling installed for the walls and ceiling. I wore out two belt sanders before I varnished all the sanded wood.


In prepping the site to receive the house, 15 pine trees had to be removed. I then brought in fill and shoveled it smooth.



My flower gardens are the envy of my friends. Roses grow very well in the yard, although most of my plants are grown in containers. I like that because I can move them around to different parts of the yard.


I'm A Big "Do-It-Yourself" Person

I am a very “crafty” person. I enjoy woodworking. I have power tools that most women would not know how to operate. The house has given me a perfect place to practice my creative handiwork. I always look forward to each day with a great attitude of “what will I do today”. I really think the house has been healthy for me. It has caused me to exercise much more than if I didn’t have it. Because my bedroom is upstairs and I am up and down many times a day, I’m sure that is why I have good calf muscles in my legs. I think going up and down ladders to do all my projects has help to keep me limber and fit. I have never spent a bored day in this old house. My children love to bring their friends over to “show off” my house and all I have done to it. They refer to my old house as “Mom’s Museum”.



Now I'll Explain How I Got Into This Situation

To better understand the reason I’m going into foreclosure, and how I managed to get myself in this situation, I’ll have to go back in time, where it all began.

After the unexpected death of my husband, I sold our house. I couldn’t bear to live in it. There were too many memories…I would see him just as though he were still alive. The house sold quickly, and with the proceeds I purchased a nice three bedroom house in the country. My four daughters had horses and the new house was ideal for us. After three of the daughters left home, I decided it was just too big and expensive for just the one remaining daughter and me. I sold that house and used the proceeds to buy a lot with plans to build a small house. I could have had a debt free home. If I had been smarter, that is exactly what I should have done. Real Estate in my area was booming. Banks had plenty of money to lend even though the interest rate was high at that time. I recall rates being around 14%.

I Begin To Accumulate Real Estate


I have always been interested in real estate. I took a Real Estate class and got my license to sell. I began going to seminars on how to build wealth through real estate. After a couple of years, I pulled out the equity in my house and became a landlord. The bank was only too happy to give me a mortgage. I then purchased a duplex with the proceeds. After a couple of years I pulled the equity out of the duplex and bought a larger rental property with four rental units. I now had two rental properties. At that time real estate was appreciating 10% a year. How could an investor go wrong???

I was so proud of myself. I saw myself as a very successful property owner. I was so stupid. I was just piling up more debt. What I didn’t see was the danger of having one or more units unrented. The rents I got barely paid the mortgage. So, I would have to use money from my savings to keep current. The books don’t tell you that you average about 10% vacancy rates on rental property.


Source

I Begin Going Further Into Debt

The properties I had plus my house were like “cash cows”. I just kept on borrowing more money and getting further in debt. I was lulled into a false security because I could always get MORE MONEY! By the time I did realize what was happening, I sold the rentals for just enough money to pay off the mortgages.

My house became the “cash cow”. My credit was still good, and my mortgage banker was still only too happy to see me walk into his office. But that was before I lost my job because of “downsizing” at the local hospital where I had worked for 18 years. Oh, dear…now I have no job and no pension since I was forced out before the mandatory 20 years.

As luck would have it, real estate values sharply and suddenly fell in my area. I found myself “upside down”, owing far more on my house that it was worth. I could not sell it and pay off the mortgage.

Now, the high flying real estate mogul was broke! Then I began to dip into the charge cards I had obtained when my credit score was high. The credit card companies kept offering me more credit and sending me more credit cards with higher limits. I was going in the hole about $1,000.00 a month, and living off the charge cards until the four of them maxed out.

I rented out three of the bedrooms to help make the mortgage payments. Tenants would come and go, leaving me with stress headaches and money owed to me. I could write a book about those experiences, but that’s another story.

Now I Get Advice From A Professional

Our state has an agency to help people keep their homes by offering free advice. They will work with the banks to obtain a loan modification that would lower the monthly payment, but I am beyond that. They advised me to take a “short sale”, but that would only pay what the appraised value of my house is: Not what is owed. I could see no advantage in that option. Foreclosures are quite common in my area, but they occur usually because of other circumstances, not because of foolish decisions like I have made. Even the nice lady at the agency said if I were her Mother, she would advise me to just walk away and not look back.


Part Of My Hummel Plate Collection

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I Should Have Time To Give Away Or Sell My Treasues

In my state I am told it is taking the banks at least a year before they actually evict the homeowner. I should have time to sell or give away all of the 100 Hummel and Norman Rockwell plates I have collected over the years when I was flying high and rolling in money. I filled my house with antiques that my children have absolutely no interest in. They have made a list of my things they do want, though.

Usual Reasons People Go Into Home Foreclosure

Reasons most people go into Foreclosure:


  • Job loss / unexpected unemployment
  • Sudden illness or medical emergency
  • Death in the family
  • Divorce or loss of second income
  • Excessive debt obligations
  • Job demotion or promotion denials
  • Inability to pay an adjustable interest rate that increases
  • Unexpected major home maintenance expense

Notice “Making Poor Choices” is NOT included as a reason!

My Famiy Is Very Supportive

Please don’t misunderstand. I have a wonderful family and I can count on them for moral support, and they would never see me hungry or homeless. They understand the stress I have been feeling and they agree this is only solution. One daughter has a cute little two bedroom apartment as part of her house. I will live there. She also has a nice big yard that I can garden in. I know she has selfish reasons, too. She knows I’ll have her dinner cooked for her when she gets off work in the evenings. I can keep her laundry caught up, too.

Well, this is my story of how I will lose my home of 35 years.


Just A Few Of The Family Albums

Source

Believe it or not, I am getting excited about decluttering and cleaning my house. I haven’t missed a mortgage payment yet, but there is no way I can pay the bank next month.

My biggest dilemma so far: What will I do with the 43 annual Family Albums I have lovingly kept? No one child has room for all of them: Maybe they can divide them out between them.

I hope the bank will give me time to paint that front porch and to prune the roses before I leave.

I have put a lot of blood, sweat and tears into this old house, but I don’t regret anything. I’m the kind of person who can meet challenges and welcome changes.

It will be a while before the bank actually comes to padlock the doors, and when that day comes I will give them the keys to my old house. I will try very hard not to let them see me cry.

How Can I Prevent Foreclosure?

I have racked my brain to try to prevent foreclosure on my house. I have weighed all my options.

I do not just want to just walk away and let the bank take my house. I believe my best option will be to do a "lein in lieu", which simply means I can deed the house over to the bank.

That will protect my credit, and the bank will give me $3,000.00 to help with moving expenses.

An Update

I applied for a Deed In Lieu and was declined by the bank. My final decision was to just "walk away".

That is exactly what I did. I found a very small apartment and moved. It's been almost two years now. It takes the bank a long time to go through the courts to actually come and physically lock up the foreclosed property.

I try and not think about my beloved old house. I never go by there anymore. It is just too heartbreaking.

I enjoy living in my tiny space. I do miss my garden, though. Now I garden in containers on my tiny porch.

The Door I Faux Glass Stained

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A Wooden Fence I Painted

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The Double Rainbow Is A Good Symbol For Me

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Under the circumstances, do you think I have made the right decision?

  • yes
  • no
  • Surely, there is another way to prevent forclosure!
See results without voting

This Old House

How I Moved And Restored My Old House

I wrote two articles about my adventures in moving and restoring my old house. Come and read about how it was done:

Some Projects I Did Around My Old House

These are articles I wrote about some of my do-it-yourself projects around my old house

More by this Author


Comments 192 comments

AudreyHowitt profile image

AudreyHowitt 3 years ago from California

Mary, what a difficult decision this must have been really--but it sounds as though you are moving through this with grace and dignity. Brava


Anna Haven profile image

Anna Haven 3 years ago from Scotland

Hi Mary, I just seen your hub. First I have to say your home and all the personal improvements you have made look great.

You have been so honest and open in your writing that I can see why your family hold you so close, I would if you were my mum.

Although your house is lovely, it is just a building, it is you and your family that made it a home.

I am sure there are lots of new happy memories and good times just about to happen in your new home, which will be photographed and put in the next few years family albums.

I wish you all the luck in the world Mary and many happy times in your new home beside your daughter. Anna x


Randy Godwin profile image

Randy Godwin 3 years ago from Southern Georgia

I didn't vote Mary simply because I can't feel inside your heart. I hope you are satisfied with the outcome, whatever it may be. :)

I 've built most of my home also. It's different than merely renting or buying a present home as you do indeed realize.

--RG


billybuc profile image

billybuc 3 years ago from Olympia, WA

I am all for downsizing, Mary, and I love your attitude. I would have the same outlook. Possessions are just things. You have all of the precious memories and now it is time to turn the page and move forward. Best wishes to you on this next chapter.


donnah75 profile image

donnah75 3 years ago from Upstate New York

Mary, so many people resist change to their detriment. You are making a brave decision and you are facing this change with grace and courage. Good luck to you as you work through this process.

Have you thought of selling your collectible a on eBay? I am sure you will find people who want them there.

I admire your courage for sharing your experience.


stephanieb27 profile image

stephanieb27 3 years ago from United States

Thank you for sharing your story! The same thing happened to my brother and sister-in-law. I felt like it was a good thing for them, a way to wipe the slate clean and start over. It's now a few years later, they are in a new house and happy! :)


dearmommy profile image

dearmommy 3 years ago

So sorry you have to go through this, but I do think it is a good decision. Thanks for sharing your story. My husband often wants to take a gamble on rental properties, and now I am more skeptical that I was before!! I appreciate you being open about a tough situation. Best of luck!!!


Vickiw 3 years ago

Hello Mary, this is such a sad story, even though you deny that! I am so sorry to hear what enormous stress you must have suffered over the years. You will carry on and be wonderful - I know that, and I admire that. There was a time when I gave up almost everything I owned, and I have never been attached to things since. In a way it is quite a healthy exercise! It seems to unleash strengths and abilities we never knew we had. I will be happy to support you if you want to keep communicating about this. All the best thoughts to you, and a very nice hug.


phoenix2327 profile image

phoenix2327 3 years ago from United Kingdom

I'm sorry about you losing your home. But sometimes the best you can do is save yourself. At least you have a family and new home there for you. I think whatever you devote yourself to next will be a big success. Wishing you all the best.


tillsontitan profile image

tillsontitan 3 years ago from New York

I am torn about your decision, however, I am happy you are satisfied with it. The choices we make, together with extenuating circumstances very often change our life's path. I was forced out of my job before my twenty years but it resulted in a steep reduction in my pension, not a loss. My heart is with you Mary wishing you the best and if a Mary from New York can do anything to help you, you know my email address!!

Voted up, useful, and interesting.


Paul Kuehn profile image

Paul Kuehn 3 years ago from Udorn City, Thailand

Mary,

This sounds like a very sad story to me. Isn't there anyway that your children contributing together could help you make the mortgage payments each month? I don't know how much you owe on the mortgage, but if it isn't that much, there is no reason you should have to lose the house. Your children should realize that they would inherit the house after you pass away. I wish you the best of luck and really hope that you reconsider letting the bank foreclose if there is any way possible. Voted up and sharing with followers.


mary615 profile image

mary615 3 years ago from Florida Author

Hi, AubreyHowitt. Thanks so much for reading and for you nice remarks. This was a tough article to write, but it helped me to share with my many friends here on HP. I love you all, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Anna Haven. Yes, you are so right; my house is just a building that I have enjoyed and treasured, but wherever I go I will jump right in and start doing projects to make it my home.

As I said in the Hub, I'm looking at this as just another challenge in my life!

Thank you, friend. Have a wonderful day, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Randy. If you have built most of your home, you can understand how we grow to love that home so much more than if we just bought the place as is and never put in that "blood, sweat and tears".

Thanks for reading and commenting, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Good Morning, your comment is just what I would expected from you. You are such an "upbeat" kind of guy, and a very wise one, too. I appreciate your thoughts on having to give up my old house.

I'll be fine...just another challenge in the long road of life! Yes, it's time to turn the page and move on.

I hope you have a very nice day, my friend. Mary


Vickiw 3 years ago

Hi Mary, commented on this earlier, but now I don't see it. That's weird. Guess I'll try again! So sorry to hear about this, but I know you will not only survive but thrive after this life lesson. I can empathise, having left all I own at one time in my life. We get through it, and then we get better!


mary615 profile image

mary615 3 years ago from Florida Author

Hi donnah75. Thanks for reading and for your nice comment. I always welcome change and this one, even though it will be a BIG change, I will met it head-on.

When I was collecting the Hummel plates and other collectibles, I bought them not only because I truly love them, but in hopes that someday they would appreciate in value. That is not the case. The Hummels are worth now about 1/3 of what I paid for them. I checked on eBay to see what others were getting for the same plates, and it is just not worth paying eBay to sell them. I plan to have a private sale here at the house. My children are not collectors like me, and they simply don't want them.

Thank you so much for taking the time to read and comment, Mary


mary615 profile image

mary615 3 years ago from Florida Author

stephanieb27, good morning! I'm sorry your folks had to go through this, too, but it sounds like it turned out OK for them. Sometimes these things are just blessings in disguise. I think it's better to get rid of all this stuff before I die....at least my children won't have to deal with it.

Well, I'm on my way in wiping my slate clean, and preparing to move on.

Thank you, friend. Mary


mary615 profile image

mary615 3 years ago from Florida Author

Good Morning, dearmommy. Real Estate at one time was a wonderful investment. You could count on that 10% increase in value, but now that has all changed. Property values where I live has dropped like stones. No, I don't think investing in RE now is a good idea. Values will come back eventually, but not in my lifetime.

Thanks so much for your well wishes, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Vickiw. You are so sweet and kind to be so concerned and to offer your help and support. This was not an easy decision to make. My children have advised me to do this long ago. I had reached the point when there could be no more hesitation on my part.

We should not allow ourselves to become so attached to "things", I agree. My children have your attitude: they don't collect junk! Their walls are bare of pictures, they don't like clutter.

Your kind comment is all the help and support I need right now, but you SO kind in offering it.

Friends like you here in Hubland will help me get through it.

Much love, Mary

Yes, it will be a healthy exercise for me. I just look at the situation as another challenge. I am lucky to have good health and a lot of energy.


mary615 profile image

mary615 3 years ago from Florida Author

Good Morning, Phoenix2327. Yes, I have been under terrible stress worrying about how I can make the next mortgage payment. That is why I say, "I'm relieved". When I made the big decision, I felt a heavy load being lifted off my shoulders.

Thanks so much for your words of encouragement, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi, tillsontitan (Mary), you have always been such a good friend to me on HP, and that alone means a great deal to me. Losing my job was a devastating blow to me. After serving the hospital faithfully for 18 years, I felt so betrayed. Legally, they could do that, as their contract is that they can fire you without notice. I had topped out in salary and was costing them too much for my benefits at my age at that time.

Thanks so much for your love and support, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Paul. This old house was to be my children's inhertitance, but because of the decline in RE values, if I died today, they couldn't sell the house and gain anything. Even if they pooled their money to keep the house afloat, it would just be a "band-aid".

Thanks for reading and I appreciate your remarks. Believe me, I've tried to save the house, but at this point it is just throwing good money after bad!

Thanks again. Have a great day. Regards, Mary


Don Bobbitt profile image

Don Bobbitt 3 years ago from Ruskin Florida

Mary!

HOORAH! for you!

You decided to move on and liveyour life without all of the "Fish-Hooks" that the retail and real estate systems had put into your life.

One thing though, I didn't see whether you protected yourself from future claims with that other "Dirty Word" Bankruptcy?

I assume that you do know that the banks can come back after you at a later date for the difference in the price that they get for your house and whet you owed? Unless you protected yourself.

Anyway, great Hub and voted UP.

DON


xstatic profile image

xstatic 3 years ago from Eugene, Oregon

Mary, this is a brave story to tell, and a sad one too. I know people here in Oregon who have faced the same dilemma. I want to suggest that you may want to talk to a lawyer about options. I am sure you could get a free initial consultation. Maybe you know someone who could recommend an attorney. It will take several months for the foreclosure to go through. I suggest that if your plan is as outlined above, that you make no more payments after notice of foreclosure. I worked in title insurance for many years, but I know that Florida law is different.

You know that we all wish you well.

Oh, check out hawaiianodysseyus' hubs about selling on eBay. He has some really good info for collectibles.


DeborahNeyens profile image

DeborahNeyens 3 years ago from Iowa

Now I understand your comment on my "Clear Your Clutter" hub. I am sorry to hear that is the reason why you are decluttering but I am glad you are handling the move with such a great attitude. Best of luck to you, Mary.


Jisblessed profile image

Jisblessed 3 years ago

Hi Mary615 I heard your heart about your home and understand though it have it's downside of upkeep but you kept it and there is a great! possibility that you can continue to kept it. Even if you have a notice from the bank. God is a God of many chances and restoration regaurdless to the countless mistakes we've done over the years. I've made a lot of the same ones you mentioned here. Only believe God can and will bring you through this; if you want to keep your home.

I work with a company that charges fees but have a passion to help homeowners to stay in their home; either by shortsale and rent it back with an option to buy it back or could do an audit for secularization and could get your home back free and clear.

I can't 100% guarantee the out come but it is worth looking into, if you haven't already. If interested I would be most honored and thankful for the opportunity to help in any way I can.

God Bless You


MartieCoetser profile image

MartieCoetser 3 years ago from South Africa

There is a time for everything - for buying and selling properties too. You will LOVE your new home and no more stress :)

I've read a lot of my own life in this hub of yours, Mary. You will treasure all memories, even those bad ones that were caused by unreliable tenants.

Voted up, informative and inspiring (for those who will one day find themselves in the shoes of a house-owner or landlord compelled to make an important decision).


innerspin profile image

innerspin 3 years ago from uk

A sad story, Mary. You've always done your best, but circumstances were against you. It's hard to know where to invest safely these days. Of course you'll be sad to leave your home. We moved a few years ago, relocating for work. It meant selling a house we'd renovated, which I really loved. I've never felt attached to the house we're in now. However, it's interesting to start somewhere new, and you're just the kind of person to make a go of things. All good wished to you.


ExpectGreatThings profile image

ExpectGreatThings 3 years ago from Illinois

There are so many things I love about this hub. Mostly I loved being able to see your heart. Thank you for giving us a glimpse into your life and some of the hardships - and at the same time showing us that it is still possible to remain sweet and positive. I hope you enjoy every minute in your adorable "new" house. I am also touched that you want to "paint that front porch and to prune the roses" before you leave! You are very inspiring!


Gail Meyers profile image

Gail Meyers 3 years ago from United States

Mary, I am sorry you are losing your home and I can understand your decision to move on. Sometimes it becomes so much stress it is actually healthier to let it go. I wish you well in the next chapter of your life.


Peggy W profile image

Peggy W 3 years ago from Houston, Texas

Hi Mary,

"Throwing good money after bad" is never a smart thing to do. For that reason I can understand your relief in stopping that process. It saddens me to know that all of the "blood, sweat and tears" will no longer benefit you but some other person down the road who acquires your home. I guess that last statement is not entirely true. You admitted that it has been good for you...keeping you fit and active.

Knowing you, Mary, you will grace your daughter's home with your boundless energy, cooking and gardening skills and more. She will be lucky to have you living with her. I loved it when my mother lived with us in later years. Sharing a home with her was wonderful. We could talk about old times and plan new adventures together. If your daughter is a "chip off the old block" she will feel the same.

Wish I could be there with you to help you during this transition. Getting rid of things can be freeing. Hang on to the important things like your memories, your family and other things that make you the person you are today. Hugs and love from Houston.


Suzie HQ profile image

Suzie HQ 3 years ago from Dublin, Ireland

Hi Mary,

Your story is hitting home to me more than you know. i know some of what you are experiencing as we may soon be in a similar situation. I commend your honesty and courage and feel you are 100% right in your decision. Memories will always be with you wherever you go and I can fully appreciate the fabulous work you you have put into your lovely home. Wishing you all the very best Mary and congratulations on making this decision.


GmaGoldie profile image

GmaGoldie 3 years ago from Madison, Wisconsin

Mary,

You are remarkable! Wow! And you even gave us an uplifting video at the end! There are special blessings for someone with an attitude such as yours.

I admire your courage, I admire your openness for others to learn from your mistakes.

Thank you so much for sharing. Wishing you and your family the very best.


mary615 profile image

mary615 3 years ago from Florida Author

Hi Don. Thanks for reading and mentioning that "other bad word" bankruptcy. I had considered filing for that, but if the bank does come after me for the difference in what it's worth and what they can get for it, you what??? I'm afraid they won't get anything, because I have nothing left but my 97 Honda Accord. True the credit card debt could be wiped out after filing bankruptcy. I have talked to credit counselors, attorneys, and there is just no other way.

I do appreciate your concern and your nice comment.

Thanks for reading and for the vote. My best, Mary


xstatic profile image

xstatic 3 years ago from Eugene, Oregon

Whether the bank can come after a borrower after foreclosure depends on the particular state law and the type of loan instrument that was used. A consultation with an attorney would be really advisable in this case.


seanorjohn profile image

seanorjohn 3 years ago

Hi Mary, I know you are not looking for sympathy but I do feel you have had it rough. Hope the photo albums are shared out and kept for future generations. We live in a crazy world where our lives our uprooted because of the mad antics of bankers and financiers. Hope 2014 brings you good fortune.

Best regards, Sean


mary615 profile image

mary615 3 years ago from Florida Author

Hi xstatic. Always good to see you. As I just told Don, I have talked to so many people in the know about my situation. I am current on my payment to the bank, but next month I cannot pay. Foreclosures are running uptoward 2 years in Fl. so I should have time to make my arrangements.

My Hummels, etc. have also declined in value, too. I have sold many things on eBay with good results, but I will check out that Hubber's article you mentioned.

Thank you so much for reading and for your concern, friend. Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Deborah Neyens. Oh, yes, I have a lot of decluttering to do! I should have done this a long time ago. Now, I'm forced into a good house cleaning. I have collected far too many things over the years, and of course, each gift from a child or grandchild at Christmastime, etc. was lovingly kept.

I really am relieved at this point and looking forward to the next chapter in my life. Bless you for caring, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Jisblessed. Thank you for reading and for your concern and caring. At this point in my life, I'm really tired of trying to maintain this old house. It is so big, and there are always things that need to be attended to. Life I said, I've enjoyed every minute of having the house, I'm tired and just would like a very small place now.

I have considered a short sale, but that wouldn't help me. A friend of mine did that; now she owe's Uncle Sam for the "profit" she got when the house was sold.

I really think I have explored all my options at this point. I think everything happens for a reason, and may God has something else planned for my life!

You are so nice to take the time to read and give me advice. I do appreciate it, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Martie Coetser. Yes, I think it's time for me to let the old house go. I would just like to think that whoever buys it will love it as much as I have.

I'll enjoy living at my daughter's apartment, we get along well. She is already thinking about all the projects she has that I can do!

Thanks so much for reading, commenting and the votes, friend. Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi innerspin. We foolish people have a tendency to get too close to "things", don't we? They are only belongings....I have been too sentimentally attached to this old house, and that's not good. Now I have to let it go. As one who had to relocate like you have done, I know how you must have felt.

As I said I'm really relieved and looking forward to new challenges.

Thank you for your well wishes and concern, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi ExpectGreatThings. Thank you for your lovely comment. I just know I'll enjoy a smaller place that doesn't require the work and effort this house has demanded. I've loved every minute, now it's time to let it go.

As they say, one door closes, another opens.....who knows what is next???

Thanks again, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Gail Meyers. Thanks for reading. Thanks for your kindness and understanding. Mentally, it will be good for me to be rid of all the stress, that's why I say, I'm relieved. After making the decision finally, I felt a lot better.

Thanks for your well wishes, I do appreciate that, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Peggy W. I thought a long time before deciding I would share my story, but writing it was cathartic for me.

I know from your writings how close you and your Mother were and how you enjoyed having her. My girls and I are very close. The one I'll be living with (in her apartment) is a very upbeat, happy gal. We laugh a lot together and we love to travel together (just like you and your Mother). She is already making lists of projects for me to do!

Thank you for your sweet comment. I wish you were here. too! I wouldn't put you to work; I'd just enjoy your company.

My best to you, Mary


ologsinquito profile image

ologsinquito 3 years ago from USA

I certainly wish you well. I have a feeling whatever happens you'll be OK, and that if you move to your daughter's you'll also turn that space into something you love. Best wishes.


mary615 profile image

mary615 3 years ago from Florida Author

Hi Suzie HQ. I'm sorry to hear you might be facing this same problem . Life changes each day, doesn't it? I certainly never thought in a million years I could ever be foreclosed! RE values here are so sad....there is a house across the street from me that is being foreclosed. It has been vacant for over a year. My neighbors keep the grass cut, thank goodness or it would be an eyesore.

Thank you for your concern and well wishes, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi, GmaGoldie. Thank you for reading and for your sweet and caring remarks. I'll be fine....I'm really looking forward to decluttering my house. I'm not a hoarder: I'm a collector (I always say). I have allowed my self to keep too many things.

Thank you for your caring comment and concern, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi ologinquito. So nice to "meet you". Thanks for reading and for the nice comment.

Yes, I'm looking forward to brand new projects at my daughter's house. She works full time, and she is already making me a list of things to do!

Thanks for reading and for your well wishes, Mary


Crystal Tatum profile image

Crystal Tatum 3 years ago from Georgia

Mary,Thanks so much for having the courage to open your heart and share this. I am so sorry you are going through this but I admire your bravery and your outlook during this difficult time. There are many who can relate. One idea about the photo albums: My mother has many albums just like you, and I have been scanning the photos for her, so we can have them on the computer and in a digital photo frame; she still wants to keep many of the actual photos, however, so we are putting them in decorative boxes that we are stacking in her sitting room. I got about 1,000 photos in one large box! Michael's has some really nice ones that you can get on sale for 40 percent off sometimes, or look for coupons. All my best, Crystal


Peggy W profile image

Peggy W 3 years ago from Houston, Texas

I know that you and your daughter will have fun together from what you said. This could all be a blessing in disguise. Maybe the two of you can travel here together. Let me know!


Sunshine625 profile image

Sunshine625 3 years ago from Orlando, FL

Wow Mary, You just continue to impress me. I bet you were a nicer Real Estate Tycoon than Donald Trump. I never told you this but, I was concerned about your safety renting out rooms to strangers and now I am happy you are moving in with your daughter, that's me being selfish. You'll be very busy listing and selling your treasures on Ebay. I wish you much luck on your new journey. Enjoy making more memories and filling up a new family album! Yes, a double rainbow is double the luck! :)

Oh and I do remember when home values dropped...my home went from being worth a $500K to $230K. I hope it picks up again...one day.


drbj profile image

drbj 3 years ago from south Florida

Dear Mary - I am so sorry for this painful chapter in your life. As we grow older and in your case, more beautiful both inside and out, change (that hated word) occurs and we have to adapt. I know the feeling of relinquishing a home that has been yours for a great part of your life. But as you wrote, you never spent a boring day in that old house, and I know now you will find so much to do at your daughter's, you will soon be busier than you know. And you are absolutely correct, you ARE a collector, m'dear. Hugs.


grand old lady profile image

grand old lady 3 years ago from Philippines

I think you went about leaving your beloved home in a very wise and strategic way. I'm sorry for all the difficulties you went through in doing so, but wish you well in your new home.

I love the video. Have been looking for that song for a very long time.

God bless, and take care.


AliciaC profile image

AliciaC 3 years ago from British Columbia, Canada

I admire your courage and positive attitude, Mary. It's wonderful that you have a loving family to support you and a determination to make a fresh start. I hope the transition to your new life goes as well as possible. Best wishes for the future!


midget38 profile image

midget38 3 years ago from Singapore

My blessings, Mary, and thank you for sharing. I know that whatever it is, you will be able to do your lovely craftwork and gardening over at your daughters'!


LongTimeMother profile image

LongTimeMother 3 years ago from Australia

Oh, s**t! I wish I was cashed up so I could help you. I'd buy your house in a minute and let you live in it forever. Sadly, we also fell victim to the global financial crisis and the crash in real estate values. Like you, we had owned multiple properties at one stage and it is a heck of a shock when suddenly your future looks very different to what you'd planned.

Fortunately for my family, we managed to offload everything before it became too late and we now own a few acres, live off the grid, and are enjoying the dramatic downsizing. :)

Here's what I propose. I don't know how many other hubbers would be prepared to join me, but I'm putting it out there for consideration ...

You've never missed a mortgage payment yet, right? So how much is the next payment that you don't have? I am happy to email you a little cash to try and make up that balance. If enough of us send you $20 or $50 via email or paypal or whatever the best process is, you could make that payment ... and maybe the next one as well.

Meanwhile, you list your house for sale for an amount that covers the cost of your debt to the bank plus a little bit extra. Get a real estate agent to work flat out to sell it while you still own it and control the sale (and the sale price). Set a price for a quick sale that offers great value, and see what happens. You may well be pleasantly surprised!!

I also suggest you list every one of your antiques and goodies on ebay and sell them off as fast as you can. You'll make a bit of money which is a lot better than nothing at all. :)

This is not a strategy that should make you feel indebted or beholden to anyone. We would just offer what we felt we could afford, and you would have a list of all the email addresses that transferred money to you ... so if you manage to come out ahead after selling the house and clearing your mortgage and credit card debts, you can pay everyone back. Pay me back last!

You will still end up with no clutter and a fresh perspective on life, but you won't have debt collectors hounding you and you may well end up with enough cash in your hand to put a smile on your face.

Come on, Mary. Don't just roll over and give up. Fight, woman, fight!

PS: Even if other hubbers don't think it is a good idea, I have friends. :) They'll help you out.


prasetio30 profile image

prasetio30 3 years ago from malang-indonesia

I am sorry to hear that. But, don't give up. I believe that God has another plan for you. I always support you. Take care!

Prasetio


LongTimeMother profile image

LongTimeMother 3 years ago from Australia

Hi Mary, me again.

I notice you have not yet approved the last batch of comments, and I will not be in the least offended if you don't want mine to show. :)

Purely out of the blue I had a phone call about an hour ago from someone who would certainly consider buying a house in Florida. I have looked at all the lovely photos on your two hubs.

If you would like to email me with the address of your house and what your sale price would be, I will pass the information on. I would very much like for you to be able to sell your house while you still control it and have a chance to make some money. I hate the thought of a bank selling your lovely house for peanuts, and you still not being clear of debt.

Can't promise anything, but I will happily make an effort to try and find you a buyer if you want. :)


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Crystal Tatum. Thanks for reading and for your wonderful suggestion about the photos. That is a great idea. I will definitely take your suggestion!

Thank you for your time and concern. As I said before, I am relieved.

My best, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Peggy W. Hey, don't be surprised if my daughter and I take a trip out your way, thanks!

My best, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Linda. Yes I am so "over it" with these tenants I get. The last one really helped to make my decision. People have changed over the years so much. Tenants used to pay their rent on time and take care of your property, now they just don't seem to care. The last guy who I had to force out got really nasty, and I was actually afraid of him.

I am looking forward to being rid of all the stress.

RE value will rise again, but I don't think it will be in my lifetime.

Thanks for reading and commenting, friend. Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi drbj. Yes, this old house has brought me much joy and satisfaction, but now it's time to let it go! My daughter has so many projects for me to do I'm sure I'll be as busy as I care to be. She and I get along well, she's a lot of fun to be around!

I am listing my Lefton bird collection (about 150) on eBay. One daughter wants my Hummel plates. I should have gotten rid of a lot of this stuff before, but I just enjoy looking at them all.

Thanks for you well wishes and caring. Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi grand old lady. Thanks for reading and for the nice comment. As my Mother always said: we do what we have to do, and get on with it!

I will miss my house, but I'll enjoy being at my daughter's and working around her house. She has a ton of things for me to do!

Thanks again, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Alicia C. Good to see you. Yes, I am thankful for a very supportive family. They have offered to pitch in and help with the mortgage payments, but that would just be a band aid for the problem. They have their own lives and I wouldn't let them do that anyway.

Thank you for your support and concern. Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi midget38. Even though I will miss my old house, I will be busy doing other things, you can count on that! I always like new challenges, and I look on this event as just another new one!

Thanks for caring, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Long Time Mother. Your suggestion just floored me! You are so kind and gracious to offer help. My big problem is that I owe much more than the house is worth. There is not enough equity to sell it , pay off the mortgage. I owe 250,000 and the current value is 125,000. I am certainly not the only one with this type of problem. Back when RE values were good, I didn't want to sell because this house was to be my children's inheritance.

Thank you so much for you kind offer, but that would only be a temporary fix. My children have all offered to keep the payments going, but at this point, that is futile.

Thanks again for your thoughts and your concern. Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi presetio. Good to see you. Thanks for reading and your concern. We just never know what God has in store for us, do we? I am really tired of all the stress and worry, and as I said, I am relieved at this point.

You're a true friend, and thank you. Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi again LongTimeMother. I would just love to sell my house, but no one is going to buy it for more than it is worth. I am so far "up side down", there is no way I could sell it for even the amount that is owed. I owe 250,000 and the bank would never approve a loan for that since it is appraised at 125,000. Now if a buy had 250,000 cash to spend, that would be different.

I will email you my address, though.

Thanks again, Mary


mperrottet profile image

mperrottet 3 years ago from Pennsauken, NJ

Sounds like you've really been through so much, Mary. I'm sure that although you'll miss your house, new and exciting things lie ahead for you. Just getting rid of the stress will improve your life considerably. You have such a wonderful and positive attitude, and I admire you greatly for your courage in dealing with this situation.


LongTimeMother profile image

LongTimeMother 3 years ago from Australia

Oh, Mary. That's sad. I would be hard pressed convincing someone to pay twice the value. I thought for a moment I might have been able to help you.

You are in a pickle. Well, all I can really do I guess is hope you win the lottery! It will be hard for me to get much work done around my house with my fingers crossed until you win. :)

Hmmm ... maybe I do have another suggestion for you. I'll try to email you, and we'll see.


mary615 profile image

mary615 3 years ago from Florida Author

Hi, mperrottet. Yes, I have been through quite a lot...that's why I am actually relieved to give up the old house as much as I love it. I will be glad to be rid of all the stress, and I am truly looking forward to the future.

Thank you so much for your kind remarks and concern. I appreciate that, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi, LongTimeMother. Yes, it is sad, isn't it??? I had my property appraised 5 years ago and at that time it was worth 500,000.00!! Then the bottom fell out of the RE market here. It really is a hopeless situation at this point, but I'll be fine and dandy. I always like new challenges.

I do appreciate your thoughts and concern, Mary


LongTimeMother profile image

LongTimeMother 3 years ago from Australia

Hi Mary, I may as well post here in case there are others who might be having the same problem and are looking for ideas. Trust you don't mind. After all, you have the power to delete my comment. :)

What about this for an option?

Instead of staying in the house until the bank throws you out and sells off your major asset, could you perhaps move in with your daughter as planned, and rent your house out? Could you generate enough in rental income to cover your mortgage until the market picks up?

If you can't rent the house to a single family for enough money to make it viable, perhaps you are close enough to universities, colleges, academies etc to make extra money by renting out the house fully furnished. Students will pay more if they don't have to buy furniture.

You already have furniture in your home. You might choose to sell some of the more valuable items and replace them with things more suitable to a house full of students.

You have four bedrooms? If you went to yard sales or garage sales or whatever you call them locally, and bought a second hand bed plus a desk, a chair and a bookshelf for each bedroom plus a dining room table (or even an outdoor table) big enough to accommodate a bunch of hungry students, you may well be able to bring in $400 a week. Perhaps one or more rooms could have a double bed and, if a couple wanted to take it, they could pay extra to cover the cost of the water they use for showers etc.

You would need to set the rates at a level that would cover your mortgage, plus the cost of power and utilities, plus insurance etc.

Now I see two possible arguments against this idea.

1) Perhaps your local govt. requires special zoning or permission for you to set up this type of establishment. If that's the case, you might want to keep the smallest bedroom as 'your room' and officially still be residing there ... with other occupants merely your 'boarders'. How much time you spend staying with your daughter is entirely up to you.

2) The fear that students might not look after your house as nicely as you would like. Things might get broken, and the bathroom might not be kept spotlessly clean.

Hmmmm. How much does that really matter if you get to retain ownership of your house? If the alternative is handing over a pristine property to the bank, I'm thinking a few scratches and a stain or two on the carpet is probably something you could live with.

I could help you further refine this idea if it interests you at all. What do you think?


mary615 profile image

mary615 3 years ago from Florida Author

Good Morning, LongTimeMother. You are such a dear to come back with more suggestions for me. I want you to know I do appreciate your time and thought into my dilemma.

There are so many houses available for rent now in my area. I couldn't get $1,400 a month in rent to cover the mortgage.

I could continue to rent out bedrooms as I have been doing at 100.00 a week. I have had some really bad experiences doing that. The last guy left owing me 500.00 and he got all defensive and belligerent when I asked him for my money.

Your idea is good of me staying in the house and renting out part of the house is a good one, too.

You know, the bottom line at this point is: I am just tired of the stress of renting to others, and the stress and expense of maintaining this old house. If I were a younger woman, I would stay and fight for my house, believe me.

I laugh sometimes when I think of "the monster I have created" here!

Again, I am grateful for your thoughts and concern. I do thank you! Mary


wildove5 profile image

wildove5 3 years ago from Cumberland, R.I.

Mary,

Moving in with your daughter sounds like an amazing idea! As difficult as it will surely be to walk away from the home you basically built with your own two hands, ( awesome craftsmanship by the way) in the long run the relief of the stresses it caused will lighten your burden to really enjoy your golden years! My only advise is, don't beat yourself up about past decisions, you are a smart woman, taking risks are a part of life and what makes it interesting. You created a beautiful memory and gathered some beautiful treasures along the way and there's nothing foolish about that! May your next journey be as exciting as your last, yet without all the stress! Thanks for sharing!


mary615 profile image

mary615 3 years ago from Florida Author

Good Morning, wildoves. So nice to see you! Thank you for reading about my home in foreclosure and for your uplifting comment. It took me a long time to reach this decision. If I were younger, I would stay and fight for my house by renting it out (rooms, etc.), but I am tired of all the stress it causes.

The house has been good for me in so many ways, and I am grateful for that.

I am lucky to have a loving supporting family who will take care of Mama!

Thanks so much for reading and for your advice. Actually, I am looking forward to lifting this burden from my shoulders.

Hope you have a wonderful day, Mary


LongTimeMother profile image

LongTimeMother 3 years ago from Australia

Hi Mary.

I understand what you are saying about the stress. Take the less stressful option; it will be better for your health. :)

I saw an American documentary on tv down here that interviewed families who are now homeless and living in their cars or motel rooms. Heartbreaking.

I'm sorry things are so difficult for you, but so happy you have a family to take care of you. Best wishes to you and yours!


Faith Reaper profile image

Faith Reaper 3 years ago from southern USA

Dearest Mary, you are very brave and resilient no doubt! I am torn about your decision, but you know what's good for you. When I began reading this, I thought about another hub you had written of your beautiful collections. I know it will be hard, especially leaving your beautiful gardens behind, but you can always grow new ones. You are very inspirational to me.

I am keeping you in my thoughts and prayers and know that you will be just fine.

God bless you. In His Love Always, Faith Reaper


mary615 profile image

mary615 3 years ago from Florida Author

Hi LongTimeMother. The economy has been so bad, we a lot of families right here in our area that are homeless. Most of these people have lost their jobs and cannot find work.

Thank you so much for all you caring and best wishes for me.

I hope you have a wonderful Easter, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Faith Reaper. Oh well, all these things I have accumulated are just possessions. I do welcome changes in my life and this is just one more challenge. I could save my house and would if I were twenty years younger.....I am just so tired of all the stress.

I do appreciate your friendship, love and concern, dear. Mary


Pamela99 profile image

Pamela99 3 years ago from United States

I sure don't have time to read all these comments, so I hope I am not repetitive. I think you probably made the best decision for your future, even though I am sure it was difficult. It sounds like living with your daughter should work out well also. Sometimes change is difficult, but once we have adjusted we see that it was really for the best. I would hate to de-clutter my house as I have too much junk.

I love your stained glass and I also make stained glass. I haven't worked on it since I started having lung problems as I don't want to breath in the fumes. I could sell a large amount of equipment and a great deal of glass, but I can't bring myself to do so quite yet. Maybe my children will have to figure out what to do with it, who knows? I wish you the best for your future and I will be looking for you on Hubpages.


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Pamela99. I feel good about my decision to give up the old house. I do think it will be for the best. Oh, I have a lot of "junk" (I call them treasures that will be hard to part with.

I had always thought after I die, my children will have to go through all my stuff and make decisions; this way they won't have to do it then.

Thank you for your well wishes, and I will certainly be around HubPages. I'm not giving up my computer! Besides, I would miss all my dear friends here.


Que Scout profile image

Que Scout 3 years ago from Sydney Australia

Mary

I think your decision is well foundered. I am sure the change will turn out to be the best ever.

Just remember not to leave behind your antenna :)


Gypsy Rose Lee profile image

Gypsy Rose Lee 3 years ago from Riga, Latvia

After reading your memory filled hub about Sears I had to come on over. I know that it's never easy when such things happen but you have the right attitude. Besides memories remain and no one can take those away from you. From what I understand you will now be living with your daughter and that is great too. Made me miss my mom all the more. How is Baby taking all this change? Wishing you all the best always. Hugs.


healthylife2 profile image

healthylife2 3 years ago from Connecticut, USA

Although your story is a mix of happy and sad I loved it. I am so impressed that you are able to make all those improvements yourself. I think your situation is a reflection of the economic times rather than poor decisions. We have several friends that were forced to downsize. We talk about downsizing all the time as a result of a few difficult years but then try to come up with a plan to try to improve out financial situation. It's always hard to know when to let go but it sounds like it is the right time for you and time to begin your next adventure. Voted up and sharing!


dahoglund profile image

dahoglund 3 years ago from Wisconsin Rapids

I admire your attitude of accepting the circumstances and going on. You have had the experience of doing some of the things you wanted to do and win or lose it is something to have done things in life.


mary615 profile image

mary615 3 years ago from Florida Author

Hi Que Scout. Good to see you! I'm glad you agree I've made the right decision. I will miss my old house, but I won't miss the stress I have been under.

BTW: My indoor TV antenna will go wherever I go! I just refuse to pay the Cable Co. I hope your Hub that we linked together on how to give up Cable is doing well. Mine certainly is.

Hope you have a wonderful day, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi again Gypsy Rose Lee. Thanks for coming by to read about my foreclosed house. Yes, this old house has been a blessing to me in many ways, and if I were younger I would fight to save it. I'm just tired of dealing with it.

Baby loves the daughter I'll be living with and the feeling is mutual, so she won't have any problem moving.

I do appreciate your well wishes, I'll be fine......Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi healthylife2. I keep thinking of Kenny Roger's song: You got to know when to hold 'em, and got to know when to fold 'em. Ever heard that??

Yes, it's time to let the old house go. I've loved every day of being here, but I'm ready for the next adventure in my life.

Thanks so much for reading, the vote and the share. I appreciate that, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi there dahoglund. Yes, this old house has served me well, and I have loved it, but now it's time to let it go. I have wonderful memories of my children growing up here and all the fun times we had; now it's time to make new memories.

Since I won't have a house payment, maybe I can travel a little. I'd love that! My best, Mary


Mommy Needs a Nap profile image

Mommy Needs a Nap 3 years ago from Arkansas

How brave you are Mary! God bless you for your transparency about this problem that so many are facing.


Radcliff profile image

Radcliff 3 years ago from Hudson, FL

Thank you for being so open and honest and sharing your story, Mary. I hope others learn from your situation or find comfort in seeing someone else who has been there.

I've never had enough money to buy a house, so I guess I'm "lucky". :D

Hang in there--I'm glad you have a nice set-up with your daughter so you won't be stranded.


kashmir56 profile image

kashmir56 3 years ago from Massachusetts

Hi Mary sorry to hear and read this sad story, you are a strong person inside and will do well anywhere . A door to your life has closed but another has opened. Wishing you all the best and take care and be well. Hope you will still be able to write here on HP.


pstraubie48 profile image

pstraubie48 3 years ago from sunny Florida

Bless you, Sweet Sweet Mary.

The joy you found will follow you and the stuff you will not miss. The new memories will wash away any pangs of sadness that may creep in at times. It is funny that we think sometimes we need a lot of STUFF and then we realize we only really need and want the love of our sweet families. Hugs and many blessings and lots of Angels are coming your way from Alachua County, Florida :) ps


mary615 profile image

mary615 3 years ago from Florida Author

Hi Mommy Needs A Nap. Thanks for reading and taking the time to comment on my Hub about my foreclosure. You know, we do what we have to do, right? I think I've made the right decision.

Bless you, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Radcliff. honestly, if I had my time to go over, I think I would rent a house instead of purchasing one. It is such a responsibility to have a house, always something that needs to be done. I admit I have loved every minute of living in this old house, but now I'm ready to give it it.

Yes, my daughter and I get along well together . I'll be fine, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi kashmir56. You are so right: one door closes, another one opens. That's how I look at it. I look at this as just another challenge in my life, and I am looking forward to the change.

You bet, I'll still be around on HubPages. I love it here, and am grateful for all my good friends such as yourself who wish me well.


mary615 profile image

mary615 3 years ago from Florida Author

Hi pstraubie48. You are such a dear person, and I feel selfish with my little problem when I think of what you have been through in your life. This decision took a lot of thought and prayer, and I do feel good about it.

Yes, these things are only "stuff" and are of little importance in the grand scheme of things.

I'm sending one of those sweet angels back to you. Thanks for your love and concern, Mary


JayeWisdom profile image

JayeWisdom 3 years ago from Deep South, USA

Mary...You're very courageous and looking at this phase of your life more as an opportunity than a tragedy. That attitude should see you through. I understand about the collectibles and family "treasures", such as the many photo albums. I'm a long-time collector and a sentimentalist, too, so my home stores too many items. I'm gradually downsizing its contents--giving away many things and selling some. I hope the real estate market will rebound so I won't lose my entire equity, but that phrase "throwing good money after bad" echoes in my mind.

Best wishes as you prepare to enter a new phase of your life. You're such a talented and gracious person, I'm sure you will be happy wherever you are. Bless you...Jaye


Vinaya Ghimire profile image

Vinaya Ghimire 3 years ago from Nepal

I spent my childhood in rented house. Every time I walk the street I take a time to watch the building where I had spent my childhood. I cannot describe how I feel.

My best wishes are with you. I sympathize and empathize with you.


mary615 profile image

mary615 3 years ago from Florida Author

Hi Jayne. Yes, I do look on this event as an opportunity rather than a tragedy! I have know for years that I was collecting too many things, but I really enjoyed just having them, and of course, I thought as time went on, they would become more valuable. The market is just flooded now with Hummels, etc. People need the money, I guess.

I should have sold my house 5-6 years ago when the market value was high, but I was keeping it for my children's inheritance! We just never know about this thing called "life" do we?? It can change overnight.

Thank you for your sweet comment and concern. Mary


mary615 profile image

mary615 3 years ago from Florida Author

Good Morning, Vinaya Ghimire. Hey, who knows??? Maybe after I let my old house go, I will have some time to travel and not have all these responsibilities. Honestly, one of the places I would love to see is India.

I do appreciate your well wishes so much, Mary


moonlake profile image

moonlake 3 years ago from America

This is happening everywhere. We have friends that will have to give up the home they built by next year, sad story all around but what else can be done. They tried to get help and have payments dropped the bank has left them hanging by making them send in papers after paper, they would send them all in the bank would say they lost them. This is one of the banks that got all the money to help people but was never followed up on, they are not helping people. They have finally gave up and the house will go into foreclosure. The bank makes more money foreclosing and counting it as a loss. They will be getting a settlement because their bank is one of the banks in Foreclosure Abuse Claims settlement. It very likely won't be much they have abused so many people.

I'm so sorry to hear about your home but I'm sure it will be a relief to be out of this and off your mind. Voted up and Shared.


mary615 profile image

mary615 3 years ago from Florida Author

Hi, moonlake. I'm sorry to hear your friends will lost their house. Yes, these banks have used and abused people a lot, and that's a shame. A Loan Modification wouldn't do me any good, because even if the bank lowered my payment, I still couldn't afford it.

Right now we have two houses in foreclosure on my short street. The property values just "bottomed out", and people owe more on their homes than they are worth.

Yes, I really am looking forward to being rid of the stress I've been under, although I will miss my old house.

Thanks for reading, the vote and the share. Mary


Sherry Hewins profile image

Sherry Hewins 3 years ago from Sierra Foothills, CA

Mary, you are not the only one that made this kind of mistake. While I didn't buy rental properties, I did "tap the equity" on my house during that boom time. Since then property values plummeted, I lost my job and my husband's excavating business has gone bust.

The only thing that's kept us going is selling off the tractors from the business and other big items we've accumulated. Many of the foreclosures that are happening now are for similar reasons. People don't like to admit that they are partly to blame for their situation, but with banks practically throwing money at us, it was hard to resist.

You have a great attitude about it, I'm sure it won't be long before we're in the same situation. I'm sure it will all turn out fine in the end.


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Sherry Hewins. It is indeed a sad situation that so many of us find ourselves in. How would anyone have known the Real Estate market would go "belly up". We were told it would always appreciate!

Sounds like you are in a bad situation, too. I can only hope things will get better for you. It is far too late for me to save my house, but as I said I am truly relieved to be rid of all the stress and worry.

Everything has a way of working out OK, right? We just have to be optimistic!


Nell Rose profile image

Nell Rose 3 years ago from England

Hi Mary, good for you for tackling this head on, and I hope you will be really happy in your new home with your daughter, even though it will be a bit sad when you leave, you will give a sigh of relief over the next few months that its now out of the way and you can get on with your life, nell


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Nell Rose. Thank you for your well wishes. I will be fine. Honestly, I'll be relieved to be rid of all the stress the old house has caused me!

I am looking forward to "my new life".

Goodnight, Mary


Sueswan 3 years ago

Hi Mary

I think you are doing the right thing by foreclosing on your home. Sorry you have to go through this. At least you have your health and your familiy's love and support. I admire your strength and courage.

Take care


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Sueswan. I'm glad you agree I am doing the right thing by letting my old house go. It just seems to be the only way out. Yes, I am very thankful for my health and for my wonderful family. They are behind me 100% on this decision.

I'll be glad to be relieved of all the stress and worry.

Thank you for your nice comment and concern. Mary


bac2basics profile image

bac2basics 3 years ago from Spain

Hi Mary.

I wish I had even an ounce of your courage. My husband and I came to Spain to start a new life and adventure but he became noticeably ill soon after moving out and we quickly found out her had incurable lung cancer and I lost him about 2 years after our move here. I don´t have a mortgage on this house but all the preparing to leave it even though it´s now what I really want to do is getting me in a right state. Change doesn't´ sit well with me especially when all the decisions are down to me and I confess I am now on tranquilizers, there is more to the reason for this than just the move and I have been through so many tough times during my 11 years here and have kept on plodding and now I just want out. I do have the house on the market, but you know from another comment that the bottom has fallen out here too and so I intend to rent my place out until it sells and my sister has very kindly offered me to go and stay with her. One of the things that´s stressing me out so much at the moment is I have 2 abandoned dogs, one turned up 11 years ago and the other about 5. I am at my wits end because I cannot take them back to the UK, my sister has 3 dogs already and I can´t afford to ship them back and then keep them in kennels until the house eventually sells. I am trying my best to re-home them here but if that doesn't´t happen and I can´t get them into a rescue Centre ( there aren´t that many in Spain and the one´s there are are usually bursting at the seams because so many dogs get abandoned out here, just like my 2) I don´t know what I´m going to do with them. I know you are a dog lover so you will understand my plight.

Once again Mary, I wish you all the luck in the world and send another big hug your way.


mary615 profile image

mary615 3 years ago from Florida Author

Hi bac2basics. I am so sorry you lost your Hubby. My wonderful man died in 1988 quite suddenly and I've never met another one to replace him.

I understand what you are saying about the stress these problems cause us to have. People ask me why I don't just rent out my house for enough money to pay the mortgage , but I am just tired of all the work in maintaining the house.

I hope you find a solution to the problem about your dogs. I'm just glad my daughter loves my little Schnauzer and welcomes her.

I'll be thinking of you and your situation. I wish you the very best, Mary


suzettenaples profile image

suzettenaples 3 years ago from Taos, NM

First of all this is a beautiful hub. That cracker house is adorable and what you did with it so creative. I think you are just a victim of circumstances more than 'poor choices.' You were living the American dream, making wealth through real estate, which so many people have done over the years. Who knew the real estate bubble would pop? That is partly the blame of our economy and the 'poor choices' Wall St. and the bankers made. Your situation was their collateral damage. I admire you for 'going for it' and taking the risks involved in buying the real estate, You made good decisions and choices given the information and the circumstances at the time. I admire your attitude in all this. I am glad you are not now going to be homeless and I admire your daughter for offering you her apartment at her house. You must have done something right in raising your children. I wish there was something that could be done to save that darling house for your, but I don't have any suggestions or solutions. I wish you the best and I hope all goes well for you. Thank you for having the courage to share your story with us. I do admire you!


mary615 profile image

mary615 3 years ago from Florida Author

Hi suzettenaples. Thank you for reading about my house being foreclosed and for your very caring comment. Yes, I have enjoyed every day in my old house and doing all the projects I did, but now it's time to let it go. The news is saying the the RE market is coming back, but I don't think the RE values come back in my lifetime.

I do appreciate your concern and your wonderful compliments on me and my Hub!

I really am looking forward to living at my daughter's place: I'll have more time to write because I won't have as much housework!

Goodnight, Mary


Vickiw 3 years ago

Hello Mary, back again. I hope your preparations for moving are going well. I have thought of you many times since first reading your wonderful and sad hub, and in fact it inspired me to start plans on downsizing myself. I will be moving from my beautiful home at the end of this month, as I have now sold. I am fortunate - moving to a much smaller home, but in an equally beautiful area, near the ocean. This type of decision must be made for practical and economic reasons - there is no room for emotion, once the decision is made. I am disposing of a tremendous amount of STUFF gathered over the years, and I am looking forward to a new adventure, in a new community. I have a feeling our thoughts match well at this time. All my best wishes to you, Mary, and thank you.


mary615 profile image

mary615 3 years ago from Florida Author

Good Sunday morning, Vickiw. I am so happy for you that you sold your house! I wish you all the best in your new home.

I have just about finished giving my children the things they wanted from my house. I have sold some collectibles on eBay, but I'm so disappointed in the value of Hummel plates. They have depreciated so much!

Yes, it was a great relief once my decision was made.

Maybe you will write a Hub on your move into your new home...

Keep me posted, please.

Again, best wishes to you and yours. Mary


Au fait profile image

Au fait 3 years ago from North Texas

I can sympathize with you and tell you that sometimes it's a great relief as you have already said, to just turn your back and walk away. My husband I had to do that very thing a few years ago. Trying to keep up as the economy became worse and worse put such a stress on our family.

Great hub that may help people stop to think before they get too deep in debt and for those who are losing their homes it may be helpful to know they are not alone.

Voted up, interesting, useful, and will share!


christin53 profile image

christin53 3 years ago from UK

I feel for you Mary and I understand too. I have been through it myself many years ago when my children were small. It is heartbreaking to walk away from a home where you have been happy but after the event I actually felt better. Sometimes it's best to start again and leave the worries behind.


mary615 profile image

mary615 3 years ago from Florida Author

Hi Au fait. Yes, more and more people are forced into "walking away" from their beloved homes like you had to do. I have been under so much stress, cause I knew there was no way out!

It is comforting to know that others are in the same predicament. I'm told the RE market is coming back???? I don't think so....

Thanks for sharing your story, for reading, the comment, the votes, and the share, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi christin53. I'm sorry you had to go through this same ordeal with your house. Yes, it is heartbreaking, but at the same time, I have no choice. Once I made the decision to let the house go into foreclosure, I did feel a lot better.

Thanks for reading and commenting, Mary


skye2day profile image

skye2day 3 years ago from Rocky Mountains

Mary It took allot of courage to share your story girl. I am sure many of us can relate on some scale. I know I certainly can. I lost my home of 15 years. The bank was going to foreclose but it sold right before the bank date and we made around $8,00 to start over. God so worked it out for us. We had so rested on our laurels. I put my trust into the world and not into GOD. He wons it all anyway. He is our only assurance. He stays the same, He does not changed His mind. What He says in His word is for our benefit and good, because He so loves us. The humble will be exalted and the exalted humbled. God will never leave us where we are at because He loves us too much. He was calling to my husband and I. In all of this my daughters grew. Material and things can be pulled out from under our feet in a wink and or rust and moth can destroy.

God does not pull out. He says seek me first and all these things will be added to you. matthew 6:32 He worked the situation to draw us closer to Him. As hard as it was the situation turned for His good purpose and glory. He is amazing grace!! Not because we are good but because He is good and loved us first. It was nothing David and I did to deserve His grace.

What good does it do to gain the world but loose your soul? Anyway your story has a great ending. God is not done with you yet. Sometimes we get so distracted we forget whose we are. That is what happened with David and I. We claimed to be children of God but we were running the show. I love letting God run the show. It is much easier and His ways far better than my finite mind can begin to muster.

Best wishes on your new chapter girl. Keep your eyes on Jesus. He is the way truth and life. He is calling all to come to Him. He will never leave nor forsake us. Hebrews 3:13. God Bless you.

Your story has beautiful memories no one can take. You own them. No one can pull the rug on what you experienced and learned on your journey.That is priceless. The wisdom can be passed along. Blessings Galore dear one. Happy Mothers Day. Love, Skye


mary615 profile image

mary615 3 years ago from Florida Author

Hi skye2day. Thank you so much for reading my Hub and your beautiful and understanding comment. I'm glad you were able to sell your house before the bank could take it. You were lucky to get some money left over. The RE market here is so bad....I'll never live long enough to see it rebound.

I prayed long and hard about making this decision. I did so want to leave my house to my children, but that was not to be. I think everything will be fine for me. I do feel relieved now that I made the decision to let the house go.

Thank you for your caring and support, Happy Mother's Day to you, too. Mary


skye2day profile image

skye2day 3 years ago from Rocky Mountains

Mary You will be fine. Keep the faith in God girl. He knows the plans He has for you. They are good plans not to harm or injure you. You will have a load off of your shoulders. It will be all good, because God is good not that we are, He is. My Love and Best wishes on this next chapter. Hugs Skye.


mary615 profile image

mary615 3 years ago from Florida Author

Thanks again for your love and support on my decision to let my house go into foreclosure.

Happy Mother's day!


jseven profile image

jseven 3 years ago from Michigan

Hi Mary,

I saw your comment to me on Dusty's last hub and knew you were a good person if you liked him. :)

I truly relate to your story of gain and loss..been there and done it. I counted it all joy to lose material possessions to gain my Lord's communion more, not that He caused it in any way. It just is what it is and as you said, variables can crumble your life collections.

I did cry when leaving a brand new home on the water, but even more when I lost the ability to do physical labor anymore. Learning to live a new normal is always a possibility in anyone's life and you have graciously conveyed that here.

Well done Mary, love you creativity and may you enjoy the flowers..always. Peace. xx ~Joey


mary615 profile image

mary615 3 years ago from Florida Author

Hi Joey. So nice to meet you today! I can't help but wonder what happens to Dusty's comments??? His profile is still on HP. Yes, he was one of a kind.

I'm so sorry you had to lose a house, but as you know well, material things don't matter. I have enjoyed every minute of being in my house, and working in it every day, but I will embrace the new changes in my life. I have overcome may obstacles in my life, as I'm sure you have done, too.

Thanks so much for reading and commenting. Hope to see you again, soon. Mary


ladydeonne profile image

ladydeonne 3 years ago from Florence, SC

My dear lady,

You are an inspiration to us all. After my daughter got married and moved to Hawaii with her husband, I was left all alone in a 5 bedroom (3) level home. I moved to a much smaller home, got rid of some of my furniture and stuff and never looked back. I found that I could be happy anywhere because my happiness came from within. As you are celebrating your 80th birthday and have such loving and wonderful children, you are truly blessed. Be grateful and happy! Thanks so much for sharing.


mary615 profile image

mary615 3 years ago from Florida Author

Hi ladydeonne. Thank you for your comment and words of encouragement to me. Actually, I'm looking forward to moving to my daughter's apartment. I certainly won't have as much housework to do! I think change is good. It seems to give me motivation that I need.

When my Hubby decided to go to Vet school, we sold our 3/2 house and moved into tiny student housing and we had 2 children at the time.

Yes, I am very thankful for a wonderful and supportive family.

Thanks for taking the time to read and comment, Mary


johnr54 profile image

johnr54 3 years ago from Texas

Mary, this is very useful information especially for those of us without a spouse. I will learn from your experience and share with anyone in a similar situation. I hope you are along on your journey and your daughter appreciates those dinners!


mary615 profile image

mary615 3 years ago from Florida Author

Good Morning,johnr54. Yes, I'm coming along with my planned move out of my old house. I had my four children come and make a list of things they want that I have collected through the years. They would have had to do this job after I die anyway!

I am now ready whenever the bank wants to come. I have loved and enjoyed this old house, but I'm ready for the next chapter in my life.

Thanks for reading and commenting, Mary


molometer profile image

molometer 3 years ago

Hi Mary,

What a terrible situation in which to find yourself, after all that hard work DIY and sacrifice.

I think you should check before the foreclosure, if it's not too late. many banks have jumped the gun and foreclosed when it could have been avoided. let me know if I can be of any assistance.

Sadly it is an all too common story here in the Uk as well.

People are really struggling and the banks seem to get off scot free.

I have owned property mortgage free. It's not all it's cracked up to be either.

Michael.


mary615 profile image

mary615 3 years ago from Florida Author

Hi Michael. Good to see you! Oh, well, as my Dad used to say: "You win some, you lose some"! I have truthfully enjoyed every minute working in this old house. It has been therapeutic for me in many ways. Honestly, this big house is just too much for me to maintain. I got the house when I had children, now they are grown and gone. I just need a small 2/2, and I'll be happy in my daughter's apartment, I'm sure.

Thank you for your concern and kind offer, my friend. Regards, Mary


Vickiw 3 years ago

Mary615, you asked me to update. I want to tell you I have thought about you many times since reading your Hub. I have just completed my move, and did not realise how traumatic it would be, both emotionally and physically! And my move is a happy one, to a beautiful little home with a lovely ocean view! I wonder how things are going with you. Please keep ME updated!

I wrote a little about this in my last Perspectives Hub.


mary615 profile image

mary615 3 years ago from Florida Author

Hi there, Vickiw. Thanks for coming back for your update. I'm glad you made the move and have a beautiful little home, and with an ocean view, too! I have packed all my collectibles for my family that wanted them. I still have some big pieces of furniture, but I think we'll have an estate salesperson come and take care of those.

Basically, I'm ready to go. Just waiting now to see what the bank will do next.

Going now to read your Hub.

Thanks so much for the update and for your concern. I appreciate that, Mary


Sherry Hewins profile image

Sherry Hewins 3 years ago from Sierra Foothills, CA

mary615, it sounds like you have made your decision and don't intend to try to keep your home. However, if others reading this are in a similar position and want to try to save their home they should look into the "Hardest Hit Fund." It's a program available in the 18 hardest hit states, which includes Alabama, Arizona, California, Florida, Georgia, Illinois,Indiana, Kentucky, Michigan, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Oregon, Rhode Island, South Carolina, Tennessee, Washington D.C.


mary615 profile image

mary615 3 years ago from Florida Author

Hi Sherry Hewins. You are so nice to come back with this additional info. Florida does have a counseling service to help people try and save their homes. I did that and after a lengthy phone conversation giving the lady all my figures, etc. she remarked: "If I were you, I would just walk away". I am just in too deep to try and save the house.

No, I am just waiting now for the bank to make their next move. I'm ready to leave and move into my daughter's apartment. I'll be happy there without all the stress I have now.

Thanks again for your interest and concern. Mary


vocalcoach profile image

vocalcoach 3 years ago from Nashville Tn.

Dear mary - You could make a small fortune painting beautiful scenery on fences! Absolutely beautiful! I'm so in awe of all your talents, but more than anything I love your attitude.

I recently moved in with my daughter (rusticliving on HP). I left all my possessions in storage except for an electric keyboard, an apple computer (which just died) and CD recordings of my published music, etc. I'm so grateful to have a home to live in. The greatest of all blessings is our family.

I wish we lived close to each other. What a blessing that would be for me. You are so courageous and beautiful. I send you big warm hugs and know that "the best is yet to come." Love ~ Audrey


Jeannieinabottle profile image

Jeannieinabottle 3 years ago from Baltimore, MD

I am sorry you are losing your house, but I am happy that you are comfortable with it. Unfortunately, you are in a really common situation for many Americans right now. It is totally normal to go through a foreclosure now and no one frowns upon it. I am glad you have a place to live and best of luck to you!


Happyboomernurse profile image

Happyboomernurse 3 years ago from South Carolina

Dear Mary,

After having read so many of your hubs I know that what you said in the following sentence is true, "I’m the kind of person who can meet challenges and welcome changes."

Your resilience and wonderful attitude continues to amaze me, and though I am sorry to hear you will be losing the house you've loved for so long, I am glad you already have a good place to move into.

So many people get stuck in regret about the past and hold onto things, when letting go with gratitude for the things that used to be is so much healthier than clinging to a past that no longer exists.

As you say, new adventures await you and you will be able to make life a little easier for your daughter when you move into the apartment attached to her house. That's a win win situation for both of you.

Sending You a Bouquet of Hub Hugs and a Prayer for Health and Peace,

Gail


mary615 profile image

mary615 3 years ago from Florida Author

Hi vocalcoach. Thank you so much for your lovely compliment on my talents; you just made my day! I had thought about putting my stuff in storage, but it is so expensive. I had the children come in and decide what items they wanted: the Hummels, etc. I would rather see them enjoy them rather than sell them.

I am grateful to have a nice little apartment to move into. I have the greatest daughters in the world!!! Yes, I'm actually looking forward to this new adventure.

Thanks again for your love and support, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Jeanieinabottle. Yes, I think you are right....there are many people in the same situation I find myside in. Thanks for reading and for your concern and support.

My best to you, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Gail. It's so nice to see you! Thanks for the nice compliment. I truly have no regrets (except I never should have kept borrowing money I couldn't afford to repay).

Now that I don't have to spend so much time on this old house, maybe I can write more!

Thanks so much for reading and for the well wishes, Mary


DrRebeccaSanders profile image

DrRebeccaSanders 3 years ago from Indiana

I just ran across your hub after writing mine. Did you say you were in Florida? Have you already lost the house? If not, check out my hub on the Get Hope foundation to see if it's not too late to help in your situation.

I couldn't vote on your poll. To me, that's only a decision you can make for yourself. I would hate to lose my home (although I still may at some point), but if it really is something you're comfortable with, then it was the right decision for you!


mary615 profile image

mary615 3 years ago from Florida Author

Hi, DrRebeccaSanders. Yes, I live in Florida, and spent considerable time with Counselors at Hope. After looking at my figures, she agreed I should not even try and save the house.

Yes, I feel like I have made the right decision; it's as though a heavy weight has been lifted from my shoulders. It doesn't matter where I live, I will make the best of the situation.

Thanks for reading and commenting, Mary


Kathryn Stratford profile image

Kathryn Stratford 3 years ago from Manchester, Connecticut

Mary,

What a story! My first reaction would have been to feel sorry for you, but since you said you're relieved, it's not so bad. I'm glad you got a lot of enjoyment out of the house over the years, and worked on so many projects that can give you a lot of pride. I like the photos you have shared with us.

After hearing why you came upon the decision, I completely understand why you would be relieved. It sounds like you had a lot of stress to deal with.

I barely ever hear someone admit that they made a foolish decision. Wow. I'm sure a lot of people would have done the same thing, though. But sometimes it would be nice to have the ability to turn back time and make different decisions! If only you knew then what you know now.

I hope you have time to sell and pare down your belongings before they take your house. Good luck to you, Mary, and thank you for sharing this heartwarming story of your house, and the years you spent in it. It's an enjoyable read.

Have a wonderful Sunday!

~ Kathryn


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Kathryn. Yes, I am truly relieved about my house going into foreclosure. I have loved every minute of having this old house, but now I am weary from so much stress in the upkeep, etc.

My four children agree I am doing the right thing and are very supportive. They have gone through and taken those collectibles, etc. they want. Whatever is left will be sold at a yard sale.

Thanks for reading and for your comment, Mary


Vickiw 3 years ago

Hi Mary, still thinking of you, and hanging in there with you. Going to read your new one now.


mary615 profile image

mary615 3 years ago from Florida Author

Bless your heart, Vickiw. You are so sweet to think of me, and I do appreciate that. I'm all packed up and ready to go when the bank kicks me out!

I hope you have a wonderful day, Mary


vocalcoach profile image

vocalcoach 3 years ago from Nashville Tn.

Dear Mary - How are you doing? Have you moved into your apartment? Just want you to know I think of you and know this change is going to bring you a whole new adventure. Love ~ Audrey


mary615 profile image

mary615 3 years ago from Florida Author

Good Morning, vocalcoach. So nice to see you! I am just fine, thanks. I have packed and boxed all that I can do for now. I am just waiting to see what the bank's next move will be. I really am looking forward to this next chapter in my life when I move into my daughter's apartment. I do love new challenges!

Thanks for your well wishes and caring, Mary


Sherry Hewins profile image

Sherry Hewins 3 years ago from Sierra Foothills, CA

Hi Mary, I'm looking at the possibility of having to leave my home. Not really sure yet, still trying for a loan mod, but doubtful that it will work out.

I'm finding that I look at my house and property through different eyes now that I may be leaving it. Where I used to see the blemishes, I now see how beautiful it is and appreciate every day here. Come what may, I feel truly blessed to have spent the last 15 years living here.

If things don't work out, I do have a place to go and it will be another adventure. It will be a sad day if I have to go, but I'm sure it will all play out the way it's supposed to. Thanks for your wonderful example of a great attitude.


vocalcoach profile image

vocalcoach 3 years ago from Nashville Tn.

Hello Mary - I recently went through the same thing and moved from Nashville to California. I also moved in with my daughter and find that I feel 'free' for the first time. Now I have the time to work on my book and just concentrate on me. :) We are both beginning a new chapter.

Glad you are fine and please keep in touch with me. Your hub is marvelous and I've shared it with many friends who are also "starting a new chapter." Your beautiful attitude comes through in your hub and has inspired so many others. Thank you Mary. ~ Audrey


Tom Koecke profile image

Tom Koecke 3 years ago from Tacoma, Washington

Hi Mary,

It's none of my business how you handle things, but having a background in credit I thought I'd let you in on a tactic you may take.

After getting the house in the sale, the bank probably has to give you ample time to move, and then go through a process to evict you. Often, they will pay you to not make them go through the process. You may want to contact the bank, and offer to vacate the premises the weekend after the sale if they will assist you with some funds that you will use to move. The eviction process will likely cost them at least a thousand dollars, and likely quite a bit more than that. They would probably jump at the chance to give you a thousand dollars to move so they (a) don't have to go through the process and (b) can take possession more quickly.

I wish you well, and admire you for dealing with a problem as an opportunity!

Tom


mary615 profile image

mary615 3 years ago from Florida Author

Hi Sherry Hewins. Thanks for coming back to my Hub about my foreclosure. I hope you do get a loan mod. I couldn't do that. I even thought of a short sale, but one has to pay the taxes for the difference in the appraised value and the sale price. Doesn't seem worth that to me. I am still in the house and just enjoying my "last days". I keep busy packing boxes in preparation to get out when the bank tells me to.

I'm glad you have a place to go. I'm thankful for that, too.

Good luck...keep me posted, OK? Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi vocalcoach. I'm glad to hear from someone else who has gone through this life changing situation. Wow! You moved from Nashville to Ca. ? I only have to go about two miles to my daughter's apartment.

Yes, I do look on this experience as a new challenge in my life. I'm looking forward to having more time (like you) to spend on things I really want to do.

Thank you for your kind words and well wishes. I wish you the same, Mary


mary615 profile image

mary615 3 years ago from Florida Author

Hi Tom Koecke. Thanks for reading my hub about my foreclosure. I am told that in Florida, eventually the bank will have to give me three days to vacate. I'll be ready to go. I have used this time to pack my things in boxes and to give away things to my family. I could get a truck and be out in a day.

I do thank you for your advice, and I will remember it.

Thanks for your well wishes, Mary


Barbara Kay profile image

Barbara Kay 3 years ago from USA

This is a sad story. It wouldn't be so bad, but you have put so many personal touches to your home.


mary615 profile image

mary615 3 years ago from Florida Author

Good Morning, Barbara Kay. Yes, it is sad, but I have enjoyed everything I did to this old house. It probably kept me busy and sane when life got tough. I am looking forward to all of my daughter's projects.

Thanks for reading and commenting, Mary


Lastheart profile image

Lastheart 3 years ago from Borikén the great land of the valiant and noble Lord

Mary...I am fighting my house, and you have given me strength. You are a good and wise woman. I am so happy to know that you will be in the place that God has provided. Thanks so much for sharing your experience because these true stories show us how to deal with similar issues. I will share this. Give a big hug to your daughter for having and taking care of a great mom like you.

Not everybody is capable to let go of material things...you stay with the best memories and that counts. Ohhhhh I would love to sit with you and drink a cup of tea, listening all the treasures from your experiences.


mary615 profile image

mary615 3 years ago from Florida Author

Hi Lastheart. So nice to see you! I was blessed to have found my old house years ago, and as I said, I have enjoyed every minute of having it. When you say you are fighting my house, do you mean you may lose it?? I hope not. I really do look at this change in my life as just a new challenge. Yes, I am fortunate to have a loving and supportive family that I get along well with.

I should have decluttered my house long ago instead of waiting until I was forced to do it.

I would just love to sit with you, too, and visit. Are you still in Puerto Rico? I love that place!

Thanks for reading and sharing my Hub, Mary


Lastheart profile image

Lastheart 3 years ago from Borikén the great land of the valiant and noble Lord

I hope we do get to sit down and talk. Hope you come back to P.R. My house is in Chapter 13, I am paying everything, but I need strength to keep paying, that is why I say that I am fighting my house. Things happen in this life and we cannot be attached to material things. I love this hub and I learned so much from it. Thanks!


mary615 profile image

mary615 3 years ago from Florida Author

Hi, Lastheart. I do hope you can continue to pay for your house. That is, if you want to keep it. I had reached the point I just didn't want to keep mine because of all the stress involved. It is a big house and yard.

I'm glad you benefited from reading about my foreclosure . I wish you the very best, Mary


Nadine May profile image

Nadine May 2 years ago from Cape Town, Western Cape, South Africa

Mary I saw your comment about not to be negative about bubblews, when I wanted to learn more about you. Your foreclosure story spoke to me, since we have several friends who lost their house that way; due to losing their jobs) In SA if we are 3 month behind with repayments the bank can just foreclose. I think its wrong, especially since the bank might have securitised your property and if so they cannot legally foreclose. Most people do not know this. Find out if they have.


mary615 profile image

mary615 2 years ago from Florida Author

Hi Nadine May, thanks for the visit to my Hub. My bank can now foreclose since I have not made a payment since April. I'm OK with that. The house was just too much for me to take care of. If I were 20 years younger, I would fight to keep the house. Thank you so much for reading and for your comment.

My best, Mary


DREAM ON profile image

DREAM ON 2 years ago

Mary I just stumbled upon your hub and I was heart broken when I first read your story. As I read each comment and all the hubbers who followed you through every month. Life takes so many turns that are good and bad.You are the one that makes the final decision no matter the outcome.You are a very positive and loving person that will always find the good in life.I think moving in with your family gives you more time with the ones you love.Where a house has lots of responsibility and time and money. I loved your story and your decision. I couldn't of handled it as well as you but I learned a lot from your comments and your great memories that you have experienced.Please give us an update? Did you move already? I had a friend who lost their house to the bank and the house has sat empty for almost one year. I don't understand it.The locks are still on the door. I wish you great health and a bright exciting future.


mary615 profile image

mary615 2 years ago from Florida Author

Hi, DREAM ON Thank you so much for those words. I appreciate that. I moved into a small one bedroom apartment about four months ago because it was available and I was afraid to wait longer to take it. My house has been on the market (for the second time) for four months. Still no sale. The bank will take it sooner or later, I guess. I miss my old house, but that's life. Thanks again for your well wishes. My best, Mary


Happyboomernurse profile image

Happyboomernurse 2 years ago from South Carolina

Hi Mary,

Saw this hub had a new comment and came back to see how you're doing. Sorry to hear the house hasn't sold yet, but like Dream On, I admire your ability and determination to maintain a positive attitude.

I'm glad you're in an apartment so that if the bank does foreclose, you won't have to scramble to find a place.

Still, it's a hard situation to be in.

You are in my thoughts and prayers,

Sending a Bouquet of Hugs & Love Across the Miles,

Gail


mary615 profile image

mary615 2 years ago from Florida Author

Hi, Gail, I really don't think the house will sell. The market is terrible where I live. Yes, I'm sad to lose my house, but life is full of challenges, right?

Thank you so much for your kind thoughts and prayers, I appreciate that.

My best, Mary


WalterPoon profile image

WalterPoon 2 years ago from Malaysia

I don't know the practice in the United States. In Malaysia, if the bank foreclose your house, you still have the pay the difference between what they 'officially' get and what you still owe them. My former classmate had a house foreclosed. The bank sold it for a song (believed to be internal foul play), and then billed him for the balance. He was declared a bankrupt because of that.


DREAM ON profile image

DREAM ON 2 years ago

I am rereading your hub and all that keeps coming up in my mind is what Mary up to now ? What is your next project or activity that you are doing. I know a special person like you will bounce back like Tigger. There is no stopping you. After every rain there is sun. It might take an hour or a day or even longer but there will be sun. When the sun comes out I am watching it and thinking of all your wonderful times and so many more to come. So make it a great day and please tell us all what brings the biggest smile on your face.We can add the old memories with the new ones and make them better than ever.I can't sleep all the excitement must be keeping me awake. Have a beautiful night.


mary615 profile image

mary615 2 years ago from Florida Author

HI DREAM ON, How nice to see you again! My house is still in Foreclosure. I keep waiting for the bank to come and padlock it. I have since moved into a very small apartment, and am happy there.

This old house holds precious memories for me; I hated to let it go.

I hope you are well and happy, Mary


mary615 profile image

mary615 2 years ago from Florida Author

Hi, Walter, Yes, the same thing can happen here in the US. We can be taxed on the difference between the sales price and the market value. The bank has not sold my house; it just sits there.

Thanks for reading and for your comment, Mary


DREAM ON profile image

DREAM ON 2 years ago

I want to tell you what this hub has done for me. It made me think long and hard what is in a home. After my list and pages of what I thought made up my home. I sat and looked at all my memories. My final conclusion home is where my heart is. So your memories of home will go with you in your mind and your new apartment will make so many more new memories.I would love to see a new hub My New Home is .... complete with pictures. You're in my prayers and thoughts.


mary615 profile image

mary615 2 years ago from Florida Author

Hi DREAM ON It's so nice to see you! Yes, I have wonderful memories of my old house, it meant a lot to me for a long time. That's a great idea, to write a new Hub about my new home; my little apartment.

I looked on this experience as "one door closing and another door opening".

Thanks for your thoughts and prayers, I appreciate that so much. Mary


jtrader profile image

jtrader 2 years ago

Transitions. It's not good news but you are being positive.


mary615 profile image

mary615 2 years ago from Florida Author

Hi, jtrader. Life is made up of changes, right? Yes I just look at this change as a new challenge! Thanks for reading and commenting.


Vickiw 2 years ago

Hi Mary - still often think about you, but I know you are happy in your new apartment, and I'm glad about that. Sorry though that things still haven't come to an end! Best wishes and good thoughts to you.

www.warnerwords.com


mary615 profile image

mary615 2 years ago from Florida Author

Hi, Vickiw, You are so sweet to still think of me! Yes, I so like my little place, but I miss my old house and the big yard with all my roses!

My best to you....I hope you are well. Mary


Keeley Shea profile image

Keeley Shea 2 years ago from Norwich, CT

I think the key to life is accepting the decisions you have made (sometimes good, sometimes not so good), learn from them, lift yourself up, and move on. My home is in foreclosure due to divorce and sometimes I wonder if I should have tried harder to keep it but everything happens for a reason. The banks are not our friend and whether you succeed or fail to keep your house they don't care, so do what is best for you and do not have guilt! Good luck to you!!!


mary615 profile image

mary615 2 years ago from Florida Author

Hi, Keeley Shea. I'm sorry your house is in foreclosure, too. I tried to keep my house, but it just became too much for me to bear. I wrote this Hub last August, and I am still waiting for the bank to come and take it! It takes quite a while here in Florida. In the meantime, I am settled in the apartment at my daughter's house and I enjoy the small space.

I still miss my old house, though. I wish you luck in your foreclosure.

My best to you, Mary


prairieprincess profile image

prairieprincess 2 years ago from Canada

Dear Mary, what a beautifully written hub where you share honestly your financial struggles, and how you are solving them. Bravo to you, for having such an excellent attitude and looking forward, instead of holding unto the past. I can learn a lot from you.

This hub, although I am reading it late, is great timing for me. I have been really feeling regretful lately at the poor deal we recently got when we sold our home and bought our current one. I, too, felt like I knew what I was doing, but am now realizing, with over $25,000 in debt, that we somehow did not make it out on top. Well, it is important to learn, and I think that is what is required of us. To learn and grow from our less-than-wise choices. Thanks for a great hub and for great sharing. Take care!


mary615 profile image

mary615 2 years ago from Florida Author

Dear prairieprincess, Yes, it has been a rough road for me, but honestly I am happy living in my daughter's little apartment. It broke my heart to let my lovely old house go back to the bank, but I had no other choice.

I'm sorry if selling your house was a bad decision for you, but we all have to do what is required of us, as you said.

I'd do things a lot differently if I had my time to go over, but I am happy now without all the stress of having the house.

Thanks for reading and commenting. I wish you all the very best, Mary


Torrs13 profile image

Torrs13 2 years ago from California

Mary, thank you so much for sharing your experience. Although I'm younger, I have learned how easily it is to get dooped my banks who keep wanting to give you more and more loans. I can only imagine how hard it will be to walk away from that house, but it sounds like it's going to be a new start for you. I wish you only the best as you enter this new chapter in your life!


mary615 profile image

mary615 2 years ago from Florida Author

Hi, Torrs13 Oh, yes....I made a lot of mistakes along the way thinking Real Estate values would remain high where I live.

I am now living in a small apartment next to a daughter's house, and I am quite comfortable. I do miss my old house, but I have wonderful memories.

Thanks so much for your well wishes, Mary


LongTimeMother profile image

LongTimeMother 2 years ago from Australia

Hi Mary. Happy to hear that you are settled in your new home.

I confess I'd be tempted to give the keys to some homeless families sleeping in their cars so they could use the bathroom until the bank finally arrived ... but I understand why you wouldn't have done that. lol.

Take care.


mary615 profile image

mary615 2 years ago from Florida Author

Your idea would be a good one except my 18 yr. old son who just graduated high school and a cousin are living in the house. I'm glad of that because they keep the grass mowed and they take care of the house.

When the bank does take the house, my son will probably move in with me.

Thanks for reading my story, Mary


old albion profile image

old albion 2 years ago from Lancashire. England.

Hi Mary. Fabulous that's what I say, well done, the right decision. You touched so many bases with so much information. Although there were sad times your fortitude shows through. I get the feeling you are like a 'shy and sensitive used car salesman' :)

voted up.

Graham.


mary615 profile image

mary615 2 years ago from Florida Author

Hi, old albion (Graham). Thanks for reading my story. I really had no other choice but to let the bank foreclose. They haven't come to padlock the house yet, but it is only a matter of time!

Funny you should mention "used car saleman", I sold cars for a while! I wasn' t too good at it, though!

Nice to meet you, my best, Mary


CharlesGat 2 years ago

I couldn't figure anything out really. There's just too many different opinions. I just called a debt relief program and they answered questions for like 30 minutes without charging me anything. They tried to sell eventually on some of their programs eventually, but the advice was great! Here's national debt reliefs number if anyone wants to try it 855-531-0255.


oceansnsunsets profile image

oceansnsunsets 23 months ago from The Midwest, USA

Hi Mary, I saw this hub linked from the last one, and had to come and read. You have a lot to share with others about your experience, and I am so glad you did. I wish things could have turned out some other way. Boy, life is interesting sometimes, and so hard. I wish you the best, and am glad you saw this stage as a relief. I think you did the best you could, and wish you the best in the future. I am glad your daughter has the two bedroom apartment too.

I have been so busy and missed some of the parts of this story as you told it in hubs. So I am glad to catch up some now. Voted up, useful, interesting, etc. Sending love and hugs across the miles too, Mary!


mary615 profile image

mary615 22 months ago from Florida Author

Hi there, oceansnsunsets. I'm so happy you read this Hub. Now you can understand how I came to losing my house to foreclosure.

Yes, I enjoy living in the little apartment. It is beginning to look and feel like home.

Love and hugs right back to you! Mary

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