Getting Out???

[Joel Fraser]

Here's the latest - decided to downsize so we're in the process of purchasing a used mobile home. My mom is giving us the money to purchase it. The mortgage on our existing home will be behind 4 months next month. We listed with a Real Estate broker on 5/18 and they listed the house at $339,500(10,000 less than they would have due to our situation). We're hoping to be able to pay off the now 274,000 mortgage and 10,000 HELOC and with the closing costs we will probably walk away with nothing. The reality is that by the time our home sells the mort. will probably be even higher *SIGH* I'll just be glad when it's all over and we can breathe again. At least we have somewhere to live, no matter what happens.*Question, since I had put in for a load mod, should I now tell them the house is on the market? Does anyone know if that will make any difference in how they handle the forclosure process?*To all of you that are going thru these tough times, my heart goes out to you all. I cry once in a while, because I love my home and will miss what I have here, but I know I can no longer afford it and need to do what I can to survive.