Hope you don’t mind answering a question. We had over an 800 credit score. I got hurt and went on disability. My wife also had to take an early retirement. We paid off all our bill except the house which we could not sell.
There was a big drop in the homes value. We put down $45,000 when we bought in 2005. Our balance on the mortgage was $145,000. Bank of America refused to help us and we could no longer afford to make payments. We were able to do a short sale but missed payments to BOA. The house sold for $89,000. The only bad thing on our credit was the short sale. Will we ever be able to buy again? Rent is twice what our mortgage payment was.
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By: R SMELSER
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