My husband and I had our dream home built in 2006. We were so happy. It was 4760 square feet with 5 bedrooms, 5.5 baths on 1/2 acre with incredible lake and mountain views in a prime area. We were happy, joyful, grateful.
As the real estate bubble burst our assets and liquidity dwindled. In 2009, we did a loan modification on a super jumbo so we really felt lucky.
The real estate prices in our area continued to decline and my income declined more too. Finally, this January my husband and I came to terms with the painful reality that we could no longer keep our home.
We put the house for sale and felt fortunate to get a buyer within 6 weeks. We were not so happy with the price. We still feel the pain. We loved our home and miss our home.
We will have a good life and it is nice to not have the pressure of the costs of the large home. We are grateful for everyday we got to spend in our dream home.
We thought we were conservative. Little did we know how much and how fast the world would change.
This has been humbling, emotional, and very painful. I feel like a failure that we could not keep our home. It is what it is. Time will heal.
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