I haven't gotten to the short sale part of my financial memoir yet, but I plan to detail the horrendous paperwork process with my mortgage company. While doing research, I discovered that AwayGo Financial (its nom de plume until I figure out what will get me sued and what won't) has declared bankruptcy. Ha! I'm surprised it took so long.
Actually, as traumatic as the short sale process was for me, it actually was a lot better than most experienced with AwayGo. I'm guessing it's because it was clear we couldn't keep the house, we were current on payments (despite pressure to default) and it was a relatively small amount.
This news is yet another reason to include an epilogue in this memoir detailing not only what happened to the Killer Robot Family, but to the the other characters and companies in this saga. It will take a page just to list the bankruptcies. I'm just grateful we weren't one of them.
Sometimes it really is better, not that you’ve wanted it come about, to see something happen, rather than to actually experience it. Many mortgage lenders may be going bankrupt and shutting down their businesses, but it does not relieve the borrower of the obligation to pay their debts.
ReplyDeleteAllan Morais