Assignments

I kept my appointment with Rene at the Credit Union last Friday. She was very helpful in suggesting options, but most importantly, she gave strong indication that purchasing another house is not out of the question. But it has to be done while I still have this house in good standing.

I really just glossed over the reason behind all this. I just told her that things are not working out and that Vinny and I would be splitting up. I said it has been a long time coming to this point, and lately some things have changed, and now it's time. She didn't press the issue.

But she did say that you can't just keep putting things off. She was married for 17 yrs, and then her mom died. She had lots of plans, but never even made it to retirement - she developed a cancer and was gone in 6 months. "Life is too short - make the most of it every day!" I seem to be noticing that message a lot lately. So Rene called it quits and moved on with her life. I never knew that about her.

1. Learn about Short Sales for homes. Pro's and con's.

2. Try to Mediate a divorce instead of hiring attorneys - far less expensive!

3. Save money! I'll need approx 6,000 - 9,000 for downpayments, fees, etc.

4. Talk to Dad - would he co-sign?

5. Possible to rent out my house? Research comparable rentals.

6. Purchase multi-family house and be a slumlord? Research risk / reward, potential extra income

7. If I decide on Foreclosure, will my new house be at risk?