got to sell my house!

I'm afraid I haven't been in that position, but can I just say good luck and try to keep your spirits up. You seem to have a loving family around you and obviously have a wonderful child to take care of. Things will work out in the long run if you stay focused on the bigger picture and continue visiting and learning from some of the fantastic people here.

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

poppy25 wrote:

words can not express how sad, unhappy and emotional i am now but after being 25k in debt, no way out and possibility of having the house repossesed we have made the decision to move back home with my mum and dad.

they have been great but i have a year old child and we have owned 2 properties before and now im letting my beautiful house go, what are people going to say?

i cant stop crying i am so unhappy, just wanted to know of anybody that has been in the same position and have any advice.

Now listen! A beautiful house it may be but how many sleepless nights have you had? How many times have you gone cold at the thought of what 'may happen'? Now the ball' rolling and while you're going through a huge upheaval at the moment it won't be forever will it? A house is a house, you have your lovely child and at one year old he/she won't know any different.

When I was little my Mum and Dad renovated a house which meant that for two years we had to live with my Nan. That was Mum, Dad, Nan, sister, me, three large dogs, a cat and 7 goldfish in a 2 bed semi :eek: I got a new bunk bed and my sister had to sleep on the sofa for the whole time. It was a squeeze but everyone pulled together and we (the kids) had a great time.

Now.....

what are people going to say?

well if they know your circumstances then they'll say "they had to sell their house, how awful"....... and that's pretty much that. It's not so bad is it?

And in a few months you can start again, fresh, with your little one and no debts........ how lovely will that be?

Good luck, be strong........

You'll be fine.
Tell people you're getting married in August and you want a fresh start and want to save up a big deposit to buy the house of your dreams which you can't afford to do, at the minute because everything you earn pays mortgage etc now.
There aren't THAT many people who pay everything, are debt free and save lot each month so should be a perfectly valid story??

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!