The House Is No Longer My Problem!

"Mercedes Streeter" (smart)
07/25/2020 at 12:42 • Filed to: Updates

If you’ve been on Oppo a while, chances are you’ve seen me ride a rollercoaster in regards to a house. Years ago I was desperate for the approval of my parents, so I cosigned loans I knew they would never pay. It was the greatest mistake I’ve ever made.

I’ve been living with the threat of foreclosure or bankruptcy over my head for as long as I remember. ImmoralM inority and friends/colleagues gave me advice on how to diffuse the situation with the lender (deed in lieu of foreclosure, deficiency waiver, etc) before a foreclosure wa s filed. Worst case, I would have been looking at a bankruptcy, possibly losing pretty much everything.

Well, it all did fall apart. The bank eventually seemingly had me dead to rights, was promising they would sue the daylights out of me for deficiency , and in the 11th hour I was preparing to file bankruptcy.

I let one more local lawyer take a look at it. She asked me a simple question: Was I ever served the foreclosure? I thought yes because my mom had been served on my behalf, but apparently things don’t work like that in Illinois.

What followed was finding out the lender didn’t follow procedure in trying to foreclose, and thus we filed a motion to quash . After we provided our evidence suddenly the lender was very willing to make a deal. We struck a deal. The lender gets the house and they are not to come after me for anything. If they do they’ll be in contempt of court. Judge signed the deal a few days ago.

Hot darn what a weight lifted off my shoulder. Now I can enjoy the best days of my life without a dark cloud following me. And my parents? I’ve been making 2020 the year of largely pretending they don’t exist. I may not be able to change physical distance, but I can change emotional distance.

Have the Xterra during Svend for your time.

DISCUSSION (19)

ClassicDatsunDebate > Mercedes Streeter
07/25/2020 at 12:51

Sounds like you are turning a page onto a new chapter in life.

Longtime Lurker > Mercedes Streeter
07/25/2020 at 12:53

Suc h relieving news.

farscythe - makin da cawfee! > Mercedes Streeter
07/25/2020 at 12:55

Not your problem is the best kind of problem :)

412GTI > Mercedes Streeter
07/25/2020 at 12:59

Excellent to hear something positive in 2020.

mazda616 > Mercedes Streeter
07/25/2020 at 13:03

That’s wonderful! I’m happy to hear that this dark cloud has passed.

dogisbadob > Mercedes Streeter
07/25/2020 at 13:04

glad you got it sorted out

Kiltedpadre > Mercedes Streeter
07/25/2020 at 13:10

I’m glad to hear that you got the best outcome I could imagine for the situation.

I was screwed for several years thanks to my ex-wife’s foreclosure. Thankfully my credit has fully recovered, but it was a nightmare.

TheRealBicycleBuck > Mercedes Streeter
07/25/2020 at 13:23

Glad to see it all worked out.

Who is the Leader - 404 / Blog No Longer Available > Mercedes Streeter
07/25/2020 at 13:29

What? Good news in 2020? Is this some sort of time capsule post?

In all seriousness, that sounds like a cause to celebrate. Glad you got the best possible outcome.

Sovande > Mercedes Streeter
07/25/2020 at 14:11

This is the news you deserved. I'm happy things worked out for you!

My bird IS the word > Mercedes Streeter
07/25/2020 at 14:17

Fantastic, can't ask for better than that. I know it's hard to cut family out of your life. But respect is earned, it is not given away like candy.

atfsgeoff > Mercedes Streeter
07/25/2020 at 14:18

Don’t jinx it, 2020's still got five months left to tear you asunder!

Really though, I’m glad you slipped out from under that soul-crushing burden. Having a hefty mortgage commitment for one’s own home is hard enough, but to be on the hook for some deadbeats’ house you don’t even live in, hoo boy that’s rough.