got to sell my house!

earwig

hi i know how hard it is to sell up a home you love but it for the best at least this way its your choice and not the mortage companys is there any way the councill can help you with housing even if its just short term

smitty2702

Hi

Well done firstly on recognising your problems and addressing them head on.
I too have sold my house, it hasnt cleared my debts but the rental property im living in is less a month and it got the mortgage people off our backs! I decided it was better to sell it than have it taken back.
I wont lie to you it can be hard at times, I remember sitting in my empty home the day we moved out crying my eyes out. I have had several people make snotty comments and at times I have felt extremely low about it, I have resented my OH (yet its both our fault, that and bad luck) but it was him who said we HAD to do it (he was right).
BUT, I am now happy in my rented house, the majority of people have been brilliant, really understanding and supportive. It sounds like your parents are fantastic so lean on them when you fell low. You will pick yourself up from this, you will be debt free and you will have a fantastic future.
Remember a house is only bricks its whose inside it that matters!!! (thats what my mum told me on that very day i left my old house when she found me in tears)
if you ever need any support please PM me!

Claire

raq

egg345 wrote:

Poppy, we are selling our house as we are 34k in debt, we have 4 kids under 10.

We are going to move in with both sets of parents for a couple of months and live 10 miles apart (because we cant all fit in one house with one set of parents!)This will be hard for us to be split up.

We are seeing it as a positive thing in the long run and maybe you could look at it that way too?

We will pay off out debts with equity (about 100k in house), live mortgage and bills free for a couple of months to save 3-4k and then downsize and buy something around 250k. We will be in a strong buying position then as will be chain free.

I'm turning the situ around and thinking how great it will feel to be debt free.

Dont worry about other people, I've been looked down at by lots of mums at school as they say 'oohh you must have severe money problems', I just say we want a fresh debt free start with a cheaper mortgage so we can have a 'life' again. The criticism comes from Mums who have between 5k and 65k (!!) on credit cards and loans themselves, some say but 'oohh to have to sell your house' and I say I don't HAVE to sell my house but as I can't afford it I may as well!!!

((HUGS))

You'll all be fine, and enjoy being pampered and spoilt for a while.

I'm sure the others will be able to add more financially wise but thought I'd let you know we're doing a similar thing.

Egg

Glasses houses springs to mind with these kind of people. There's one at our school who is also £65k in debt but no worries as long as she got something different on everyday and her husband pays the bills. Another lady I know did downsize and she told everyone her and her husband wanted to clear the mortgage a little sooner than pay a huge amount and not live at all.

Stuff them all, they'll be talking about someone else the next day.

Good luck to you and I will be thinking of you all. Let us know how your doing in the process.

raq

Threadhead wrote:

As egg said, look at this positively. You have looked at your situation and decided to sort it out - WELL DONE!!!

As for people looking down at you - who gives a stuff??? These are the people who are up to their eyes in debts to the Next catalogue (in my experience). More tick than the town clock.....

Good luck, and enjoy your wedding day!

I like that quote " more tick than the town clock " . Haven't heard that one before

raq

smitty2702 wrote:

Hi

Well done firstly on recognising your problems and addressing them head on.
I too have sold my house, it hasnt cleared my debts but the rental property im living in is less a month and it got the mortgage people off our backs! I decided it was better to sell it than have it taken back.
I wont lie to you it can be hard at times, I remember sitting in my empty home the day we moved out crying my eyes out. I have had several people make snotty comments and at times I have felt extremely low about it, I have resented my OH (yet its both our fault, that and bad luck) but it was him who said we HAD to do it (he was right).
BUT, I am now happy in my rented house, the majority of people have been brilliant, really understanding and supportive. It sounds like your parents are fantastic so lean on them when you fell low. You will pick yourself up from this, you will be debt free and you will have a fantastic future.
Remember a house is only bricks its whose inside it that matters!!! (thats what my mum told me on that very day i left my old house when she found me in tears)
if you ever need any support please PM me!

Claire

Lovely post. Hope you are all settled and happy now.

All the best

System

Good luck Poppy at least you are with your family. I agree with Egg hopefully it will give you time to get on your feet and put a bit of cash away and start again. Lenny

Snaggles

It used to drive me mad when I was a kid and my Mum used to say 'Sticks and stones may break my bones, but words will never hurt me'. In fact, it still does annoy me a bit lol! But I understand as I get older that people can make as many snide comments as they like, but they can only get to you if you decide to let them.

If anyone is really petty enough to sneer at your (extremely brave) decision to move in with parents to tackle your debts, it says a lot more about them than it does about you.

I hope you settle in really well, and get the debts cleared quickly - in a few years you will be back in your own place again, with no debts hanging over your heads, and who will be laughing then?

(In the meantime, the people that sneered will probably be bankrupt or part way through an IVA with one of those rip-off merchants off the telly )

jessicarabbitxx

I went to decision homebuyers when I was going to be repossesed. They gave me a fair offer and had bought my property within three weeks. I was really pleased to have it dealt with so quicklyto be honest!

mummytofour

Can I just ask have you looked at the DMP route? Also spoken with the cccs?

Birdie85

I've been through this too, as the 'child'! A few years ago my parents had to sell the family home to pay a huge tax bill (not even sure of the particulars but I have learnt a very valuable lesson from it all, which is why I'm reading MSE all the time!). We live in a small, gossipy village and sold our lovely big 4 bedroomed house to move into a rented 2 bed house with no garden up the road. I know that everyone was asking each other why we'd moved, why the house was empty until it actually sold (the house was taken by the taxman, that's why!) and what 'terrible' things had happened to us to make us 'fall from grace'. :mad:

Close friends knew what had happened, everyone else was told to mind their own business when asking the friends and we just told everyone we were downsizing and wanted to do up the house while it was empty and we wanted to live in the house we moved to (it is a 200 year old converted coach house and everyone in the village wanted to have a look inside it, now we're living there we get loads of visitors round for a nosy!).

It wasn't easy (we had a LOT of stuff to move and nowhere to move it to!) but looking back it was a very good move. The first night in the new house was the first time my Mum slept well in years and they now have a good sum of money in savings ready to buy a house mortgage free when they decide to move :T

At the end of the day a nice house is just a pile of bricks but peace of mind and a happy family is so much more important.:j