Wednesday, February 16, 2011

Successful Short Sale

We are coming into tax season and I'm sure that this brings a lot of stress and anxiety for most. For my household however this tax season was something to be thankful for. Last week I received 1099-c forms from my former mortgage holder. A 1099-C is a cancellation of debt for showing that the bank has charged off your debt from their books. In addition to these forms I have received "Satisfaction of Mortgage" letters on the accounts.
The Short Sale process is not easy, and it's certainly not a smooth ride, but now officially 1 year later it's looking like we are emerging from the storm. Thanks to the grace of God we were provided with an awesome real estate agent, patience, and a little bit of wisdom to navigate this road. The choices that we made previous to this train wreck were both immature and unnecessary. Looking back on it there are many things that I would do differently. I guess one of the biggest blessings that have come out of this trial are a stronger faith in God, and also I greater knowledge of the bibles principles with regards to handling money. I've heard it said that Jesus spoke of money more than love, (not sure if that is correct, but it could be considering all the parables involving money).
Our recent trial with this short sale and the debt forgiveness reminds me of Jesus parable of the slave who owed his master a huge amount of money, the master forgave this HUGE debt, but then the slave went and put his hands around the neck of somebody who owed him a tiny amount of money. He certainly was not appreciative of what he had been forgiven and didn't "pay it forward" in his own life. I don't want to be like that, it's clear to me that God had a hand in this process, I felt him guiding us the whole way through, now that we are on the other side it's important that I continue to rely upon him for guidance, and not fall back upon my own understanding!
To everybody striving to stay sober, and obtain a debt free life I wish you well.
May God continue to bless your efforts.

4 comments:

  1. The lesson is that never spend more than what you can earn. That will give us a debt-free life.

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  2. Thank you for sharing and for the encouragement your story will bring to others. Monica Anaya, Realtor, www.monicasellsre.com

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    1. Monica, Thank you for reading my blog. I hope that people can take encouragement from what I went through. It was a nightmare, but there is sunshine on the other side!

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