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Big Changes Coming...
6 months ago
I know it's been a while since I posted anything here. One minute, you get yourself on a preset routine. And then the next, life throws a wrench into the works, and everything falls apart.
A short while ago, my grandmother received a notice that the mortgage payments on her house had increased drastically, to a rate that neither her pension, nor my part time job could pay on a monthly bases. Then, a few weeks later, certified mail from her bank arrived, stating that if full payments aren't made, they would be forced to begin foreclosure proceedings.
Now, the majority of my belongings are packed away, ready to be moved. A realtor specialist whom works with senior citizens is helping us move to another location as soon as possible. Reason being, is we were informed that once the house is listed as foreclosed property, my grandmother won't even receive half of what the property is worth at market value. The good news is, there is another location already planned for us to move to, and it's even within the town of Norton.
We still have a few months left at our current residence, and I predict we'll be moving to the new location by late Spring/Early Summer. Of course, this is going to have a great impact on my grandmother, as she's lived in her current location for a good majority of her life, and I will do all I can to comfort, and help her adapt to her new home.
That's about it for now.
Take care all.
A short while ago, my grandmother received a notice that the mortgage payments on her house had increased drastically, to a rate that neither her pension, nor my part time job could pay on a monthly bases. Then, a few weeks later, certified mail from her bank arrived, stating that if full payments aren't made, they would be forced to begin foreclosure proceedings.
Now, the majority of my belongings are packed away, ready to be moved. A realtor specialist whom works with senior citizens is helping us move to another location as soon as possible. Reason being, is we were informed that once the house is listed as foreclosed property, my grandmother won't even receive half of what the property is worth at market value. The good news is, there is another location already planned for us to move to, and it's even within the town of Norton.
We still have a few months left at our current residence, and I predict we'll be moving to the new location by late Spring/Early Summer. Of course, this is going to have a great impact on my grandmother, as she's lived in her current location for a good majority of her life, and I will do all I can to comfort, and help her adapt to her new home.
That's about it for now.
Take care all.
Was it an ARM or something? That's a terrible outcome! Have you reached out to any government types, like state rep or congressman or something. Maybe they can suggest some kind of housing assistance to avoid the foreclosure.
