Reply to Lost Job and May Lose House!

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Reply to "Lost Job and May Lose House!"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If it comes down to it make sure you sell it before they foreclose on it.  If they foreclose, they sell it at auction to all cash bidders and often the bank is the only bidder so you can imagine how much they buy the house for.[/quote]

+1. Put your house on the market and sell.  It's better to sell the house than get foreclosed.[/quote]

Do you have jewelry you can sell to a reputable jeweler?  Like diamonds/platinum/gold?

Can you sell one of your cars?  You only need 1 car.

Sell anything and everything you can.  Liquidate all of your 401K.  But I think you should sell, and seriously downsize (rent).

Meanwhile, you guys need real jobs.  I don't know what industry you have been in to give suggestions.  But maybe for now you should both consider something different and sort of start over.  DH and I did that at 33/34 and we haven't looked back.  SOmetimes, you've got to take a step backwards before you can move forwards.  He was on food stamps, unemployed, trust me, it got ugly, but then we both started over and got new jobs in new fields and things are ok now - we aren't rich, but 5 years into it we make about $180 combined, so it's livable. [/quote]

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