FOR SALE

We are up for sale again. This time it is a Short Sale. We are looking at getting orders in the next two or three months. We found out our house is worth less than half of what we paid for it four years ago, so the mortgage company said our only option was a Short sale. So here we are!!

I am excited about it. We had heard horrible things about short sales, but it is not as bad as it seems. There are so many people in the same situation as us, that the mortgage companies are taking what they can get to avoid foreclosure themselves. It cost the bank around $25,000 to foreclosure on people, so this saves them money in the long run.

The best news is that we do not have to pay capital gain taxes on it. They do give you a 1099C, but since it is a "C", it cancels the debt, whereas if it was a regular 1099, we would have to pay taxes. We had decided that paying the taxes would be cheaper than coming up with sixty thousand dollars in the difference in what we owe, so we were ready to do it. Luckily for us, this is going to work out better and not destroy our credit. No foreclosure, no bankruptcy, and keeping our credit . . . . answered prayer.

I will now have to keep the house clean, clean, clean, but I am excited to show it. The last time we had it up for a year and it never showed once. This time it should. :)

I am excited to just be moving forward in the future. Things are not standing still, it feels good to be doing some proactive moves, something we felt the Lord calling us to do. HE gave us the nudge, and we obeyed, now it is a wait and see game again. Seems to be how this whole year has gone.... God is good!