The sweet relief I felt two weeks ago when we first filed (ch 13) has left me and despair has returned. I so wanted it to last longer than it did.
We met with our attorney yesterday to go over our payment plan. Well it seems it will be in our best interest to let the house go and convert to a ch 7.
My income for the past six months does not show an accurate picture of what I am currently making, therefore making the payments seem impossible and even if we can get the trustee to consider current statements of income, we are asking ourselves, "Is it worth it?" We are $16000 in arrears on our mortgage due to job loss. Working now and can make the regular payment, but the catch up has proven to be difficult.
In the words of my DH, "If we have to get beat over the head with a baseball bat, better to be once than once every month for 36 months."
I am just at odds with myself. While logically it makes perfect financial sense to let the house go and rent something, I love where I live. I love our neighborhood. I love our location. I don't want to do this to our kiddos.
Sorry for the long post, I just had to vent. Thanks for listening.
We met with our attorney yesterday to go over our payment plan. Well it seems it will be in our best interest to let the house go and convert to a ch 7.
My income for the past six months does not show an accurate picture of what I am currently making, therefore making the payments seem impossible and even if we can get the trustee to consider current statements of income, we are asking ourselves, "Is it worth it?" We are $16000 in arrears on our mortgage due to job loss. Working now and can make the regular payment, but the catch up has proven to be difficult.
In the words of my DH, "If we have to get beat over the head with a baseball bat, better to be once than once every month for 36 months."
I am just at odds with myself. While logically it makes perfect financial sense to let the house go and rent something, I love where I live. I love our neighborhood. I love our location. I don't want to do this to our kiddos.
Sorry for the long post, I just had to vent. Thanks for listening.
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