Reply #16: *hugs and best wishes*

[mwooldri]

I wish I could rec, can only kick it up...

The situation was a bit wierd for us, we couldn't get financing for a house until AFTER the housing bubble burst (though there wasn't a big bubble here anyway). We had a Ch 7 BK in 2002/2003 and what credit cards I did have were entirely maxed out (low limit ones). We could afford it but no-one would give us a mortgage. Until last year.

We ended up getting a nice foreclosure, getting financing for it backed by the USDA, affordable payments and a good price on the house.

HOWEVER... we are up to here with medical deductibles and coinsurance. And I am one of the lucky ones. My place of work is shutting down, with 2000 employees having to find something else. I'm being kept on in a home office setting so I am thankful that I get to keep my job and employer and all the benefits they provide me. Should I get to the state that I am no longer able to function (I have bipolar) and have to go on disability, then I will be in a similar state as you.

I can only wish you all the best. I wish I could help out but I am but one individual. You are right in saying that walking away may be the best option. I know this may sound crazy but maybe even a Chapter 7 BK could be a solution - if you have medical collections up the wazoo and a huge upside down mortgage. It is a suggestion... for some people it works, some people it doesn't. Our family was foreclosed on in 1992 but I was a lot younger but my parents still feel the pain. I felt guilty about getting a foreclosure knowing some family lost their home - my dad put me at ease at that one... just advising us that as long as we stick together as a family because that is all that matters at the end of the day.

Take care... work on that OCD - hopefully it does come to pass and gets better...