I hate to put any energy into thinking about this but my life is on the verge of hitting hard. We do have family that wouldn't let it hurt so badly but I feel pretty lousy that we are even in this position. I won't go into specifics with amounts but will share my situation.
I am mostly looking for positive stories, motivation, and a shoulder to lean on more so than anything but feel free to write whatever you wish as I know there are some smart mamas here.
DH and I have 4 young children 6, 3, and 7 months. We were always the kind of people to live off 1,000 a month with a little support from food stamps when our DD was a micro-preemie and needed lots of care. Haven't had those in years though. Dh's parents encouraged us and loaned us $ to buy a house. We remodeled it and it doubled its value. DH got involved in a bad business dealing and his partner took about 125,000 more than him one year, he got 40,000 that year. Then we borrowed against our house because his business needed the money to finish building a house they contracted to build but there were no funds left in the business to do it. We are currently involved in a lawsuit to get that money back but it won't be resolved until February possibly. We bought some land so we could build a cheap house (like under 30,000 finished) because DH is a builder and we used straw and adobe. We were hoping to get out of the morgage thing. We have annual payments on our land for the next 5 years and are getting close to finishing out little house.
The house we remodeled was up for sale for a year and finally went under contract just as the bank was threatening foreclosure because we missed payments for 3 months. The buyer backed out yesterday. I am afraid everything is going to come crashing down. I'm afraid we will lose all of it and have nothing from all of this. That is probably not reality but it could be.
Has anyone ever had to start completely over with nothing? What got you through?
I am mostly looking for positive stories, motivation, and a shoulder to lean on more so than anything but feel free to write whatever you wish as I know there are some smart mamas here.
DH and I have 4 young children 6, 3, and 7 months. We were always the kind of people to live off 1,000 a month with a little support from food stamps when our DD was a micro-preemie and needed lots of care. Haven't had those in years though. Dh's parents encouraged us and loaned us $ to buy a house. We remodeled it and it doubled its value. DH got involved in a bad business dealing and his partner took about 125,000 more than him one year, he got 40,000 that year. Then we borrowed against our house because his business needed the money to finish building a house they contracted to build but there were no funds left in the business to do it. We are currently involved in a lawsuit to get that money back but it won't be resolved until February possibly. We bought some land so we could build a cheap house (like under 30,000 finished) because DH is a builder and we used straw and adobe. We were hoping to get out of the morgage thing. We have annual payments on our land for the next 5 years and are getting close to finishing out little house.
The house we remodeled was up for sale for a year and finally went under contract just as the bank was threatening foreclosure because we missed payments for 3 months. The buyer backed out yesterday. I am afraid everything is going to come crashing down. I'm afraid we will lose all of it and have nothing from all of this. That is probably not reality but it could be.
Has anyone ever had to start completely over with nothing? What got you through?
:
) in Alaska from a shady builder. It turned out to have drainage problems (the snow would melt and come in through the below ground level window) which we found out after we finished the basement. We put in a pump to resolve that. We put the house up for sale about 3mo before we HAD to leave the state (separating from the military). We got an offer after 1.5 months but they wanted the fridge and the washer and dryer. Dh and I were heming and hawing; dh called his mom who told us to "take the money and run!" So we accepted the offer that day (still had issues with the buyer's out of state lender; we closed on friday and dh started on the ALCAN Monday).
