Well, maybe not that bad, but for the pain my heart feels right now, it just might as well be the end of the world. Now, before I start this, I am on antidepressants, truthfully, if not for them I'd have gone off the deep end years ago.......
To make a long story short, a few years back we (my mom, dad, husband and I) lost the shoe store that we owned to foreclosure. The bank sold the property, and are currently after us to get the rest of what they're owed. It has gotten so bad that mom and dad filed bankruptcy at the end of last year. Now, we have a letter that come April 29, the bank will have a "sherrif's sale" and sell the 25 acres that we jointly own with my dad.....mind you, my home sits on a tiny corner of that land! We've spent most of the afternoon in the lawyers office, and truthfully, we have three options
1. Bankrupt everything, keep the acreage, and pay almost 600 per month for the next five years (something I don't know how we'll afford).
2. Ask the bank to exclude an acre where home is from the sale, and pay them for it, letting them have the rest, still bankrupting the rest of the note.(loads of other legal mumbojumbo)
3. There is no three, ......like I told my husband coming home, I feel like we're screwed no matter which way we take it and go. All I know is I'm tired of the uncertantity that has plagued us of late, I'm tired of fighting over money, I'm frankly at a loss for words at how I feel about this whole thing......I just feel like life as I have always known it is crashing down around me and I have nowhere to run, nowhere to turn.
For those of you who will berate me for not paying back the bank loan in the first place, the loans were made when things were going good for other improvements, and when the economy started slowing, we just weren't able to make good on those promises, something that I'm truly sorry for.
To make a long story short, a few years back we (my mom, dad, husband and I) lost the shoe store that we owned to foreclosure. The bank sold the property, and are currently after us to get the rest of what they're owed. It has gotten so bad that mom and dad filed bankruptcy at the end of last year. Now, we have a letter that come April 29, the bank will have a "sherrif's sale" and sell the 25 acres that we jointly own with my dad.....mind you, my home sits on a tiny corner of that land! We've spent most of the afternoon in the lawyers office, and truthfully, we have three options
1. Bankrupt everything, keep the acreage, and pay almost 600 per month for the next five years (something I don't know how we'll afford).
2. Ask the bank to exclude an acre where home is from the sale, and pay them for it, letting them have the rest, still bankrupting the rest of the note.(loads of other legal mumbojumbo)
3. There is no three, ......like I told my husband coming home, I feel like we're screwed no matter which way we take it and go. All I know is I'm tired of the uncertantity that has plagued us of late, I'm tired of fighting over money, I'm frankly at a loss for words at how I feel about this whole thing......I just feel like life as I have always known it is crashing down around me and I have nowhere to run, nowhere to turn.
For those of you who will berate me for not paying back the bank loan in the first place, the loans were made when things were going good for other improvements, and when the economy started slowing, we just weren't able to make good on those promises, something that I'm truly sorry for.