Any reaon not to attend/observe my foreclosure sale?

[bulletproof77]

Don't let the fact that yes, "someone" will eventually get the house for a lot less than you paid. It's just timing and economics I think. I agree it is ludicrous that banks will not do principal reductions or other MEANINGFUL ways to allow current owners to stay in their homes, think it's the lenders way of "punishing" people. I owed 210K, valued then at 98K, sold back to bank for amount owed (210K). Re-sold by Home-Path, Fannie Mae's RE arm for 95K to private buyer. Current value ? 85K.....good luck with that "sweet deal"...LOL

[ssmdem]

Don't let the fact that yes, "someone" will eventually get the house for a lot less than you paid. It's just timing and economics I think. I agree it is ludicrous that banks will not do principal reductions or other MEANINGFUL ways to allow current owners to stay in their homes, think it's the lenders way of "punishing" people. I owed 210K, valued then at 98K, sold back to bank for amount owed (210K). Re-sold by Home-Path, Fannie Mae's RE arm for 95K to private buyer. Current value ? 85K.....good luck with that "sweet deal"...LOL

I hear ya! This one's still painful though because we physically built this house ourselves -- still aren't finished with some parts of it. I designed it myself, meant for it to be the house I would raise my children in and designed it specifically to our needs. Just tough seeing almost two years of hard physical labor down the drain!! There's no way this house will mean the same to anyone else but us -- but trying to just focus on the positive from here on and the fact that for the first time in years, we'll be debt free and on our way towards a positive financial statement!