X Marks The Spot

When I got to work this morning, I reached into my bag to grab something and emerged with a plastic sandwich bag full of brown, liquefied used-to-be-celery sticks. I was so repulsed I actually dropped it on the floor while trying not to gag, resulting in a spirited game of “hey, what’s that brown, mushy stuff in the bag?” But unlike MH370, that was one mystery solved: I’d been scouring the company fridge a few days ago, looking for those celery sticks I’d brought in last week to accompany a container of peanut butter. When they were nowhere to be found, I automatically assumed we had an office celery thief, as unlikely as that seemed. I’m glad my coworkers are honest, but kinda bummed that I never took the celery out of my bag. Decomposition ain’t pretty unless it’s happening in a compost bin.

Even then, it ain’t pretty.

I’ve worked in offices before where food thievery was rampant. Coffee creamer was especially popular. I once covered the bottle I’d brought in with skulls and crossbones and various threats of bodily harm or death if anybody helped themselves to it. This deterred no one. I was about to resort to lacing it with salt or mayo or Ex Lax, but fortunately my position was eliminated just in the nick of time. Whew!

I can’t believe that happened nearly four years ago. My life has changed in so many ways since then. One week ago, I got a message from both my realtor and the title company: they were ready for me to sign the papers to close on my townhouse. This wasn’t exactly a shock – the short sale had been approved a couple of weeks earlier and, despite a last-minute and ultimately fruitless attempt by the buyer to get a few additional monetary concessions, all we needed to do was cross a few ts and dot some is – and yet, in a way, it kinda was. We’d been gone for six weeks, cleaned the place up, and barely given it a second thought. I’d even gone over one final time on my lunch hour, walking around the place, stopping in every room and privately reminiscing. Lots happened there, a mixture of good and bad. But ultimately, it was the first place I ever bought on my own, and represented a new chapter in my life after the divorce. It was always going to be hard to let go. Yet I knew, in the back of my  mind, that the place was still technically mine. As long as no papers had been signed and I still had keys, I could go over there any time I wanted. I could in theory even move my furniture back there and decide to stay. Of course, I would never have done that, but the option was there.

And then suddenly, it wasn’t. I left the office early and drove downtown, to a plush office in a tall brick building, where I was given a blue pen to sign away the rights to my townhouse. That was a surreal moment, and as the title agent pushed a parade of papers across the table in my direction with instructions to initial or sign by the X, memories flashed through my mind from the past 8 years. I remembered another plush office in another brick building and another batch of papers awaiting my signature, but this was 2006, and I was taking possession rather than giving it up. The whole thing was bittersweet. And as before, X marked the spot where a new phase in my life was about to begin. short sale

I’m okay, though. Really, I am. I think Tara still worries sometimes that I’ll be filled with regret. If not for her, I’d still be living there. But here’s the thing: I’d still be living there and sinking deeper into debt. I was tens of thousands of dollars upside down in my mortgage, HOA fees were climbing every year, and a special property assessment was the final straw. I had no chance of ever getting out from under that money pit. So, while letting go was hard, the instant it was done I felt a new emotion I hadn’t experienced before: relief. My mortgage is paid off. I’m not tied down anywhere. I have the freedom to go wherever I choose, at any time. And I’m spending a lot less money every month. The last time I went to the townhouse, there was a paper stuck in the door. The HOA fees were going up yet again, thanks to an unexpected increase in property insurance for the condo. Years of mismanagement caught up with them, and a fire last summer was the nail in the coffin. I learned from my (former) neighbor the dues are increasing by $40 a month. That would have killed me; we would have been paying $250 a month in addition to our mortgage payment, which wasn’t even paying down the principal because of a bad loan. Suddenly, our rent seems downright cheap.

And I have to say, the horror stories I’d heard about short sales were grossly exaggerated, at least in my case. Well’s Fargo treated me with courtesy and respect throughout the process, even though I essentially said “screw it” and stopped sending them payments in October. They worked with me to establish a fair market price (I actually think it was too fair), and while the approval process wasn’t the most expedient, it was still measured in weeks rather than months. They wrote off all my debt, and then paid me $3000 in relocation assistance. I wouldn’t have believed this if I hadn’t experienced it myself. If you are on the fence and considering a short sale, my advice would overwhelmingly be, go for it!

So, am I heartbroken over losing my home? Ha. Not at all! My credit may have taken a hit, but in two years the short sale will drop off my record, and Tara and I can focus on buying a new house together. One that will truly be ours.

And that’ll be the greatest thing in the world…

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Categories: Daily Life

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16 replies

  1. I will admit, I am still ignorant as to the whole process of short sales, bank sales, etc. even though I’ve tried to read up on them. A friend of mine got in over her head after her divorce when she couldn’t find a decent job and her ex stopped paying child support. Like you said, the HOAs were killing her! Her brother ended up bailing her out of the mess.

    I’m glad it’s all behind you, Mark. Onward and upward!

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  2. Congrats, I am glad this went so well for you. I suspect it is a matter of who the bank is. I am glad this is behind you and now it is time to move onward.

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  3. In regards to short sales I gotta say Wells Fargo is one of the better banks. I worked at an Attorneys Office exclusively handling the short sales and some of the banks were just insane. The worse part of the process was keeping the papers up to date and trying to actually reach someone. But Wells Fargo was one of the best I will admit that and the relocation incentives were a nice perk.

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  4. Congratulations! That’s gotta be bittersweet, but also a relief. Hope you’re celebrating in style today. (Loved your post to Tara on FB today, that was super sweet. Made me smile. So happy you two have each other.)

    As for the celery, we had a moment like that. Our roommate is moving out this month so we can have the house to ourselves and he uncovered a whole box of old jarred salsa. And it wasn’t good. LOL

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    • Oh, man. That had to be an unpleasant discovery! I hope you’re not salsa-scarred for life now. And thanks…we had a great Mother’s Day. Even got to spend it with my 96 y/o grandmother, which was kind of a nice bonus. I’m just amazed she was able to climb three flights of stairs (albeit with a lot of help).

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  5. “But here’s the thing: I’d still be living there and sinking deeper into debt.”

    You’re absolutely right, Mark! And not only that, since I first started reading you, you have gone through many changes and evolution’s. Therefore, I know that by selling your house, you let go of one thing to move on to the next. So BRAVO to you!

    “My credit may have taken a hit, but in two years the short sale will drop off my record, and Tara and I can focus on buying a new house together. One that will truly be ours.”

    Exactly!

    So I say, congratulations on moving forward.

    The BEST to you and Tara!

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    • “…since I first started reading you, you have gone through many changes and evolution’s.”

      True dat! You’ve been reading me longer than almost anybody, Ron. I sometimes forget how many changes I’ve gone through even since starting this blog. Thanks for the encouragement. I’m definitely ready for this next chapter in my life!

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  6. I found a similar baggie that contained what was formerly apple slices in Gavins backpack! Yuck!!!!!

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  7. Two years isn’t so long. Sure beats staying put and sinking deeper into debt.

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  8. Still enjoying the 1 bathroom thing Mark? It’s nice when you can get out from under a mountain of debt. We had to file bankruptcy in 2007 & it took us years to pay it off (weird system here in Canada, we would have been better off going on welfare in NW Ont for 9 months than re-locating to a province with relatively good wages because there was such a shortage of workers). But we’re done now & it’s a load off!

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    • That’s bizarre. You always think of Canada as being progressive. Sounds like in that regard, welfare would have been a better solution! But at least you’ve still got your pride.

      Seriously, the one-bathroom thing is not even an issue!

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