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Contract on the House

August 17th, 2008 at 09:10 pm

This has been an amazing 10 days. I sold a diamond ring for $1000, I sold my used car after it was in an accident and I made $6,900 with the insurance check, I sold my second vehicle, which needed about $3,000 work, to an auction service and lost $800 on what I owed, but it beats the repairs and I wanted to pay off the loan associated with the car and I can't afford an expensive German car that is falling apart. My neighbor sold me her car $6,000 under loan value and the bank actually gave me a loan because there was plenty of equity and I had only a six month flaw in my credit history; after all I have been through this last year and this year, my credit score was still 622.

I have saved the best for last; I got a contract on my home and will be paying off another $152,000 in debt and I'll be walking away with a sweet $8,000, better than a foreclosure and down to one home. The people that came of the first of the month were tire kickers and didn't even have a bank preapproval, they just had a plan with no substance. I was very discouraged, then one day out of the blue people show up and want to see my house, no appointment or anything, they just show up and I let them in and they love it and we sign a contract and they are bank preapproved and we will close in six weeks. I feel so fortunate, I was so frightened I would be sitting on this house for another winter and I didn't know how I was going to do it, now I don't have to worry.

My business is really down and I'm thinking about finding a second job waitressing or bartending evenings. In October I'm moving to a high end ski area, this is where my second home is, so there should be more work in that area maybe I can find some business there too on condo sales and etc.

So that is all my great news and I'm truly grateful for all the blessings occurring in my life; I know I will survive and someday this will all be past me and it's looking like sooner than later.


9 Responses to “Contract on the House”

  1. Ima saver Says:

    That is wonderful. I know a big load has been lifted off of your shoulders!!

  2. Lost in Debt Says:

    I feel I have been truly blessed and am thankful every day. After this house closes I am going to just be so relieved, this has been a miracle; to have settled and rid myself of $100,000 in credit card debt, to have gotten rid of my junk cars and gotten a good running used one requiring no repairs and it has great tires for the winter, to have some money saved for winter fuel (I was able to buy a wood pellet stove and after the house sells I can buy my fuel for the winter). By reducing all this debt I now don't have to worry as much about making the big bucks, I can now live a much more frugal life and make it through this housing crisis.

    There is a God and I'm crying tears of joy, I'm so fortunate and I know it, there are so many people struggling right now.

  3. scfr Says:

    That is great news. I can only imagine how relieved you must be feeling.

  4. NJDebbie Says:

    I remember reading your very first blog and I felt so bad for you. You have been a warrior throughout this ordeal and shoud be commended for that. May God continue giving you the strength to wipe your debt completely. Living below your means allows you to sleep well at night. Smile

  5. Broken Arrow Says:

    Wonderful! Congrats!

  6. Analise Says:

    I am so happy things are working out for you, especially the news on the house. It is such a bad time in the real estate market right now. Nothing is selling in northern CA where I live and foreclosures are rising.

  7. LuxLiving Says:

    Well HOT-DIGGETYYYYYYYYYYYYYYYY GIRL!!! wOOOO-HOOOOO!!! AND WEEEEEEEEE-HAAAAAAAA!!! That is good cause to go dancing in the streets! Wonderful news - I'm so happy for you!!!!!!!

  8. jaiparis Says:

    That is amazing! I'm so excited/happy for you! Having one house, one payment and alittle extra for this winter, plus getting rid of two cars and getting a reliable car, I just can't say enough! You have gone through so much and things are really looking up! It's an amazing 180! It really does show you want people are capable of when we have the will to make changes. Congratulations!!
    You go girl!

  9. girlndebt Says:

    Wow, I am catching up on my blogs today and have read nothing but good news on all of them. This is good-very good! Congrats-I am so happy for you.

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