Well, This Is It!
As some of you know, we have been talking about converting from a Chapter 13 to a Chapter 7 during the last several months. Tomorrow is the big date--appt. with the lawyer to do the paperwork. I must admit I am frightened and unsure if this is truly for the best. Besides feeling like we are prisoners and worrying each week if we can at least keep $3000 in the bank, it means giving up our home. OK, the house is a mess and in need of major repairs. It doesn't even have one working shower. It is upside-down and even if we stuck out the remaining 21 payments, those two huge mortgages aren't going to go away. Yet, it is OUR place, and we have no landlord to be beholden too. In the back is acres of lovely woods. We are paying $1500 (including taxes) to live here, and we have a rental possibly of $1000 per month--saving $500 right off the bat. At our ages--55 and 54--a fresh start is a lot harder and 21 months vs. 6 months is a big difference. I guess I just thought I would get this off my chest before we take the big step. Now is the last chance to change our minds. Any comments, suggestions or like experiences from others here would be very helpful at this point. I just don't want to make another mistake--and we have made plenty. Thanks just for reading this. Hope everyone is having a nice day.
My biggest suggestion--breathe. This is something you've given a whole lot of thought to, and it sounds as if you're making the right move.
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