The Tale of Two Foreclosures (part 1)

The saga of the home in Pinson will soon be coming to an end. This charming three bedroom home is nestled in a small rural mountain area, situated on two acres. Though the porch spans the front of the home, after the main back yard, there just happens to be a little pond out yonder.

The idiot couple with the 640+ credit score who moved in last year trashed the place, skirted the law, didn't pay rent and stayed for a year. I finally got to see the place this past March. While the tenant was giving me some sob story about how awful her life was and how it was her boyfriend who caused all the damage, I was quickly calculating how much money I would have to bring in to fix the place. When I mentally hit $40k, I stopped counting, had a semi-serious panic attack and immediately went back to the car. I knew insurance would not give us anywhere near that amount to make the place habitable. We had drained our savings paying for homes deadbeats had ruined so that we could keep our credit intact.

Credit be damned. We couldn't do it any more. It wasn't a decision we entered into lightly, but we opted to stop paying the mortgage. We contacted mortgage folks and asked what we needed to do to give the home back as peacefully and as quickly as possible. Please! Just take it.

It is now six months later. I have worked with several people at the mortgage company, including a woman named "NayNay" who apparently only answered e-mails, not phone calls, and seemed to have a serious aversion to good punctuation and grammar. For the last couple of months, we have been working with Jonathan. He returns calls and e-mails and has been spot on with his assistance.

We also have a second mortgage on this particular home. Representatives call me twice every day. Seven days a week. These representatives aren't very nice. In fact, one even told me if I would just stop drinking Starbucks I could afford to pay the mortgage. Oh... if only I could afford Starbucks right now.

Even with the idiot representatives at the second mortgage company, this has been a relatively smooth process. In fact, if this was the only time in my life I was going into foreclosure, I would say the process was streamlined and everyone (sans the snarky folks from India who work for the second mortgage company) was professional and polite.

By the way, our foreclosure sale is November 30, just in case you want a sweet little home nestled in the mountains with a lovely view and a pond.