Foreclosure

[DebtFree]

Hello there,

I'm not new to the Law of Attraction but I've obtained a new UserID, just for this question.

I am about to be sued for foreclosure for the second time in two years. The short version of this story is - divorced in 2003, poor credit, adjustable loan - and oh, I work as a subcontractor. My income has been sort of boom or bust. I always seem to be ahead or behind (what is). I always seem to come out alright, can get myself out of a jam, but I've noticed I keep right on getting into these jams. ^^

Also, I should mention, that I originally kept this house after the divorce because I had to pay off my ex for it, and refinance it in my own name.. so it's been a point of pride (in the past) that I was able to do it. I feel like I have made my point, I can thrive financially on my own, however; the last few years, I've been working more for enjoyment than for money. (Now it is time to flow for both!)

I'm not someone who is particularly worried about a credit score - they are a fact of life, but to me it is just an arbitrary number in a computer somewhere - it doesn't reflect the person/spirit that I am.

Anyway, having had been down this road in 2007, I'm not thrilled about repeating this experience. Last year, I was able to get the loan restructured, although I had the funds to correct things for months before the bank finally approved it and the papers were finalized. Plus, they said the payment would go up about $200, and it went up $600. It's also due to adjust (upwards) this summer. The number of foreclosures in my area has tripled and property values are dropping. I have to admit, there were times that I just thought.. I can give this money to the bank, or I can prepay almost a year's rent for myself in an apartment and start over somewhere else.

(Is it true that even if I walk away from the mortgage, that I can still be held accountable for funds?)

I do have a little bit of time and choices on my side, while deciding what to do. I have a lucrative contract coming up soon that will help me straighten it all out, but I'm still at loose ends about what exactly downstream will be for me.

When I really thought about it - I realize, I really like being a homeowner, I love having four walls that are mine... but I'm not wild about making monthly payments! Even if I was in an apartment, (sharing walls) knowing the thing was pre-paid for a year excites me. So then I thought, Hey! If I am going to have to go ahead and manifest a windfall to stop this foreclosure, then why not work instead on paying the whole darn thing off in full? I went into my Virtual Reality and imagined having barbeques and friends over, and knowing I didn't have to make a mortgage payment, felt pretty good. I imagined framing my Satisfaction Of Mortgage papers, and the being so proud to own the house free-and-clear. (So how's that for not looking at "reality"?)

So I'd love to hear from others who have paid their homes off early and also, I'm trying to weigh my options re: what to do. Here are some possibilities and how they feel to me:

Sell the house myself - it would need about $5k in cosmetic work before marketing it, and the RE market is not that hot in my area, Possible though.

Deed it Back to the Bank - um, not sure. Feels like instant freedom, and also a bit like giving up, or failure. Upstream.

Sit on it till they auction it - about 6-8 months of no payments, feeling a bit criminal. (I'm not faulting anyone else who has had to do this, but to me it feels UPSTREAM)

Bankruptcy and Debt Negotiation - giving myself the most possible time for working it out another way - perhaps even refinancing it with a fixed loan? if I can qualify, that is. Possible...

Thanks for your patience with my rambling thoughts. Overall, I am keeping my vibration high and hopeful around this, with the vast numbers of foreclosures around the country, I am sure others out there have the same types of questions. Or perhaps someone else has been through it and has some wisdom to share. I am very grateful for all of you! :heart: Thank you in advance.

Signed - Hopefully soon -

DebtFree

(Sorry this is sorta long .. it was deleted from the 'other board' for being too bloggy. Oh ppbbth :lol: )

[honestly]

I don't know why, but I felt negative emotion reading this...It's too complicated for me, lol, and I don't take life seriously. Your very name seems to be focusing too much on what you don't want. Just relax, go with the flow. :) Things will fall into place on their own. Maybe I'm just sleepy. That's why this is not a very good reply, hehe :biggrin:

Love, Ronald :heart:

[asjairok]

Ok first of all debtfree-you still use word dept in your signature, even if it is free near there, better it would be simply free. :D http://teachingsofabraham.5forum.net/users/a3/31/51/06/smiles/510401.gif
I believe your solution is there, waiting for some moment of sinchronicity to show itself like best solution that you will have much from it. Like important experience that will put you in enormously better position later on.
I want you to know that renting your house and living in rented apartment would give you some money in difference of prises , and save the house :dance: .
But I tell you this only so that you feel safer having this option, too.( but still I don't know much about your dept ... and amounts and ways for paying it off. But I do know that if you start paying a little-that little still would make you feel better, because you're doing your best. :D
This situation is already solved , and you will come to the view that you need.
You are not alone even if they are not visible, you do have helping hands.
When you decided from pride to take this house from ex partners hands, you knew that you have energy for it, you couldn't explain it, but your beliefs , everything was supporting you. You were not hopeless and you are not hopeless now. You created solution with your feeling. Even if not every puzzle is clear to you now, it is miracle how th4ey will come to their place.
You are magnificent, powerful, creative, loving and loved.
What are your highest priorities?
Money for the month, having feeling something is moving in the wanted direction. Stay feeling good living.
Think really what are your highest priorities, and than when you really get clear in there, than you can organize yourself, motivate yourself.
I don't know, for me your problem is solved and I hope I am your mirror.
Love Ana.

[Rodney]

First, stop quoting "the vast numbers of foreclosures around the country". This will only be part of your vibration if you allow it into your experience. You know just as well that there are a "vast number of people paying of their small mortgages on time and with ease each month", and "people who today finished making their last mortgage payment and finally are owners to all four walls."

Second, you are asking us "Which action should I take?" Abraham teaches that we should really stop trying to think of the action journey. Sometimes, the action will complete itself. Other times, it will be as a result of our inward inspiration, it will guide you to make the right decision.

I heard a quote about action. "If it's a HELL YES!, then do it. If it's anything else, then don't."

From my perspective, I read "The wealthy barber" and it explains something like "The value of a house is in the down payment, everything else is interest. If you invest the down payment at an interest of 10-12% somewhere (which is supposedly easy), then renting a place will be like paying the mortgage payment (but might be less expensive), and after 30 years you have the same dollars in your bank account as if you owned a house (minus repair costs on roofs, driveways, and furnaces)."

Do you need all the space of a house? Can you rent out some rooms to make extra money? How much do you want to pay for rent each month? What sort of environment do you want to live in? Who do you want as your neighbors?

Think less of the bank, the costs, and focus more on what you want.

[honestly]

First, stop quoting "the vast numbers of foreclosures around the country". This will only be part of your vibration if you allow it into your experience. You know just as well that there are a "vast number of people paying of their small mortgages on time and with ease each month", and "people who today finished making their last mortgage payment and finally are owners to all four walls."

Second, you are asking us "Which action should I take?" Abraham teaches that we should really stop trying to think of the action journey. Sometimes, the action will complete itself. Other times, it will be as a result of our inward inspiration, it will guide you to make the right decision.

I heard a quote about action. "If it's a HELL YES!, then do it. If it's anything else, then don't."

From my perspective, I read "The wealthy barber" and it explains something like "The value of a house is in the down payment, everything else is interest. If you invest the down payment at an interest of 10-12% somewhere (which is supposedly easy), then renting a place will be like paying the mortgage payment (but might be less expensive), and after 30 years you have the same dollars in your bank account as if you owned a house (minus repair costs on roofs, driveways, and furnaces)."

Do you need all the space of a house? Can you rent out some rooms to make extra money? How much do you want to pay for rent each month? What sort of environment do you want to live in? Who do you want as your neighbors?

Think less of the bank, the costs, and focus more on what you want.
Yesss, well put. :D

[DebtFree]

Ronald, Ana, 11:11, :hug:

Thank you so much for your responses! You all make excellent points, especially with the talking about 'vast numbers of foreclosures' .. wow, not gonna do that anymore. "Every day, there are many people paying their mortgages off in full!" is definitely a better feeling statement. (And true!)

I'd rather not focus on the hows, either, it's just that I should call the bank soon and they will want some kind of answer from me re: what I want to do. They will want to present their options to me and hear my response of what sounds like a likely solution. It's funny, 11:11, I just heard that track about "Hell Yes" yesterday or the day before, I think it was from a Hawaii cruise CD. :biggrin: I'm not sure I feel "Hell Yes" about any of the choices, actually. I tend to be most Hell Yes about freedom, and travel, but vibrationally a person can own real estate and also feel "free" and be free to travel.

So it's kind of like... Well Universe, this is my Intention, pay the sucker off in full, and I am detached and happy regardless of the outcome. No matter what happens to me, I always land on my feet. This is a strong belief I have that always serves me. And this real estate experience is just helping me to highlight some of the areas where I have not been vibing at the greatest and where I can tweak it a bit. Like... "I enjoy a constant bountiful flow of wealth coming to me at all times."

Think I might pick up that Wealthy Barber book, thanks for mentioning it. :heart:

Bless You All ;)

And thanks for having this site where I could discuss this with smart Abers :D

[New Dawn Rising]

Your very name seems to be focusing too much on what you don't want.
I have no wisdom for you :hug: ... but I just gotta say - your username is upstream. Do you see that? It is really focused on debt. Why don't you start off by taking your focus off debt and changing your username to something like: Free
Ah.... that's better... that feels so good and so free free free......... :winking:

EDIT: OK, I must admit that upstream/downstream is all relative. Maybe "debtfree" feels downstream to you.

[Freshmixture]

Ya know....I'm due to be foreclosed on next week...............no joking either........I totally forgot for a moment there.

Do I want to get out of it.......how does it feel?????

I sure do.......and I will.........my connection to Source will show the way

I'm Fresh..............cuz..................it's all good

[Freshmixture]

I have already been shown a solution btw.......I just had to stop resisting the "foreclosure" word.........I just needed to feel great in the Now where I'm at.............soon as I did that............the answer flowed to me

Being connected to Source is the only way to fly........ :winking: