Over the past three years I have received numerous requests for information and advice form homeowners who are possibly going to losing their home to foreclosure.
This is such a devastating thought and one I am well aware of as many of us have to decide what to do with our homes. The possibility of losing ones home is so frustrating and stressful.
I talk with people all the time that think that what they are going through is all their fault and there is plenty of blame that is laid on one spouse or the other. Here is what I tell them.
If you or your spouse could have predicted that these three things combined were going to happen then it is ok to be mad at the other spouse:
1. The stock market was going to lose almost 50% of its value a couple of years ago and we would continue to struggle thru those losses today then it is OK to be mad.
2. If you knew that the unemployment rate was going to increase to over 10% and that millions of American, you included, would hae lost your job and have to go on unemployment for months on end, then it is OK to be mad.
3. If either of you could have predicted that the housing market was going to collapse and we would lose over 30% of the value of our homes, or more, then it is OK to be mad.
However if you did not see all three of these issues happening, then give the other person in your relatioship a break and work together to figure out a solution. This stinks, not two ways about it. Let’s put a plan together to work through this and if the worst thing that happens is you lose your home then so be it. It is not the end of the world.
Keep the faith and keep your family intact.
My two cents.
August 20, 2010
Categories: Life and Other Stuff, Real Estate . . Author: Matt Hermes . Comments: Leave a comment