Buying again after short sale

[Anonymous]

Anonymous wrote:OP, as someone who has also been paying for an underwater property in another state for years (and losing thousands of dollars a year for the privilege), all I have to say is CONGRATS. Three years of paying for an empty house is more than enough loss for you. We're still 2 and 1/2 years from having enough equity to sell, and even though it's rented, we can't rent for anywhere near what we owe. We just bleed money and have no hope of ever fully recovering from the loss. Every year we're stuck in that place just adds to the loss. I count the days until we're paid down enough to be able to get out and am thankful that we weren't so underwater that paying our way out would never be possible. A business that took a 50+% loss on an investment would bail too, so no shame in that.

So, I think you did the right thing and 4% on a ten year ARM is awesome. Get yourself paid down on that loan as fast as you can and get on with your life.

So sorry that you are going through this. I know exactly how it feels.

[Anonymous]

Anonymous wrote:Blame the banks? You are delusional.

+1

Actually, OP, you decide to buy a home for a value that you thought it was worth. Then when no one would buy it for that amount years later you dumped it. You and your husband seriously need to talk to a financial advisor because, despite your incomes, you seem to have no ability to manage your money.

[Anonymous]

I'm confused. What state was short sale in? DC area?

[Anonymous]

It was in Florida according the a post on page 3.

[Anonymous]

Why are we helping you?

[Anonymous]

Congrats. You beat the system. You bought a house and made payments til the housing market situation no longer suited you. Sure, I will blame the bank for that.