I hope I did well. I guess I just hope I answered things truthfully. I know W will have to do it too and I'm not sure what will come out of her test. I'm finished w/ it, which is at least good.
As for the house, I'm a bit depressed by the whole thing. The market in our neighborhood has absolutely crashed. There are so many forclosures available, that we can't compete. The house has lost at least $100K in value since 95-96 because of all this mortgage crap. It is a very bad place to be a home owner right now.
I'd love to sell and move on, but I don't think I can at the current market. I'm piling up debt w/ this D, and if I sell the house, I'll need for it to help pay off some of my bills so I can avoid declaring bankruptcy. However, if I have to go bankrupt to get my D, I will. There are many ways to restore my credit and 7 years isn't that long in the big picture.
I'm hoping to talk W into renting it out for a year to allow the market to improve. We gain 10K people a month to Phoenix while losing only 4K, so there are bodies around to buy. The key is to get the surplus of homes off the market. Experts in the area predict the market will bottom out and begin to rise by late this year, early next, so I'm leaning toward their analysis of the situation for now.
If W wants me to buy her out immediately, I'll do that, but she won't be making too much as the buy out price would be determined on what we can get for the house today minus what we owe. I'll do it if that is truly what she wants as it will be a benefit for me b/c I'm pretty sure I can rent this place for enough to cover the mortgage and the equity line payments. As usual, we'll see what she has to say.
As for now, I'm getting in the shower to go pick up my D. I think we may do breakfast then the zoo. Not sure as I'll have to see what she's interested in doing, but we'll do something for sure.
