Getting out from under my mortgage

Getting out from under my mortgage

When I put in an offer on a house, my job was going especially well.

My income was project-based and increasing every month.

I was able to afford a truly gorgeous house in an affluent neighborhood. Shortly after I purchased the property, the COVID scare significantly affected my job. My income was suddenly insufficient to cover the mortgage and living expenses. I dipped into my savings, hoping that things would quickly get back to normal. When the situation lingered, I fell behind on payments. I accumulated a great deal of credit card debt. By the time the businesses began operating at full capacity again, I was in trouble. For a short time, I was optimistic that I would be able to recover. However, Artificial Intelligence came along and offered an alternative to my services. AI is far quicker and cheaper than my skill set. I had hope that my attention to detail and level of integrity would keep me employed. Unfortunately, demand was more about quantity than quality. I found myself unemployed. I needed to make big changes very quickly. There wasn’t time to list with a realtor, set up showings, take pictures and haggle with a bank. I knew that there would be necessary repairs, such as an updated electrical panel and water heater. There was the possibility of problems with the septic. Every day that went by, I fell further behind on payments. My best solution was to contact a cash buyer. I came across an online form that was quite straightforward. It was very easy to fill out and submit it. The offer was provided within a few hours. I took twenty-four hours to consider the offer and then accepted. The closing process proceeded rapidly. I walked away from the property with cash in hand in ten days.

sell house with water damage