A big stress has been lifted from our shoulders and we are truly grateful.
We bought our first home 5 years ago, and about 2 1/2 years ago our home started having problems, we quickly found out that many of the homes in our neighborhood were having problems. It turns out that our neighborhood was built on bad soil and the builder did not prepare the soil correctly to build on it. This has been such a stress over the last couple years, because not only was our home worth way less then what we owed on it because of the housing market crash, but now the home was slowly sinking.
Just before Christmas we decided to have our home inpspected, once we had a bid for the repairs I called our lender and told them our situation and to my surprise they told us that this hardship qualified for a short sell and told me to list our home.
We included in the listing that the home had setteling issues that would need to be addressed, it was important to us that all involved knew what was going on with the home, we wanted to be upfront and honest.
We had an offer within a couple weeks and we closed on the home last Friday!
We are now renting from some good friends of ours and are truly grateful that they moved out early so that we wouldn't be homeless. The home we are renting is just around the corner from our old house, so we were able to stay in the same ward and keep the boys in the same school, so grateful!
4 comments:
What a relief!! I'm so happy that things worked out for you guys. We sold our house last week too. :) I'm glad you guys could stay in the same ward and school!
Yay! Glad you got all moved. I'm excited to see the new house when we come in May.
wow!
so glad that you guys were able to sell.
you are so lucky to be able to stay in the same area! we miss it like crazy!
What a nightmare, but with a happy ending! We are moving to Phoenix in June and will be making a stop in Pine Valley for a few days. Maybe we can get together after all these years! I'll email you!
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