{"id":16191,"date":"2012-09-13T11:05:10","date_gmt":"2012-09-13T18:05:10","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=16191"},"modified":"2012-09-13T11:05:53","modified_gmt":"2012-09-13T18:05:53","slug":"life-after-foreclosure-cultivate-indifference-and-press-on-regardless","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16191\/life-after-foreclosure-cultivate-indifference-and-press-on-regardless\/","title":{"rendered":"Life after foreclosure: Cultivate indifference and press on regardless."},"content":{"rendered":"

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We just lost our house to foreclosure. Negotiations with the bank fell apart and we spent the last seven days bugging out. This was our third Notice of Trustee’s Sale. We had managed to redeem the note twice before, and we thought for sure we could thread the needle a third time. No joy. We didn’t know until yesterday morning that the bank had actually foreclosed, but we had to operate on the assumption that we could lose our pets and our personal property without notice.<\/p>\n

That’s bad, but it’s not the end of the world. We are solvent even if we are not terribly liquid just now. We have business assets, art and artifacts and intellectual property, all of which we were able to conserve by acting quickly. Was I the bank, I would have hung in there for another month or two, taking account that we live on a cash-flow roller coaster and that we had managed to cling to the home twice before.<\/p>\n

Over the past three months, we have cut our monthly nut by two-thirds, so we are well-situated to weather the economy we are living in. Had we done this seven years ago, things might be different, but we live with the consequences of our choices. We loved our home and we are sorry to have lost it, and sorry, too, to have defaulted on our promise to the bank, but life is suddenly a lot more joyous without that anchor around our necks.<\/p>\n

Our real estate business is secure and solvent. All of the rental properties we manage are leased to solid, performing tenants, and our corporate bank accounts are all in good order. Our personal finances might be chaotic — this for many years, alas — but this has had no impact on the funds we hold in trust for our landlords and tenants.<\/p>\n

And our marriage is stronger than it has ever been — literally as the consequence of these events. Cathleen had some teary moments, because we loved the El Caminito house, and because we spent many happy, loving years there, minus a few rough spots. Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We just lost our house to foreclosure. Negotiations with the bank fell apart and we spent the last seven days bugging out. This was our third Notice of Trustee’s Sale. We had managed to redeem the note twice before, and we thought for sure we could thread the needle a third time. No joy. We […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24,212,29,26,5],"tags":[],"class_list":{"0":"post-16191","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-egoism-in-action","7":"category-flourishing","8":"category-group-therapy","9":"category-lending","10":"category-real-estate","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2723,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2723\/a-deficiency-judgement-in-arizona-not-likely\/","url_meta":{"origin":16191,"position":0},"title":"A Deficiency Judgement? In Arizona? Not Likely.","author":"Allen Butler","date":"March 8, 2008","format":false,"excerpt":"Hello again! Have\u00a0clients asking\u00a0you about short sales? I know I certainly do! In fact, it's become a big part of my business. In fact, I am conducting short sale negotiations for 3 different REALTORS, as well as 5 different clients. Unfortunately, a lot of questions have arisen lately about Arizona's\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2507,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2507\/what-do-you-do-about-a-3-dollar-foreclosure-you-can-take-it-in-stride-or-you-can-squish-it-like-a-bug\/","url_meta":{"origin":16191,"position":1},"title":"What do you do about a $3 billion dollar foreclosure? You can take it in stride — or you can squish it like a bug","author":"Greg Swann","date":"January 17, 2008","format":false,"excerpt":"Foreclosure is normally not a topic for amusement, but the Las Vegas real estate scene is like a brand new Hasbro game show, Monopoly.TV. The news:The developer of the $3 billion Cosmopolitan Resort & Casino says its lender, Deutsche Bank, filed a notice of foreclosure on the property for a\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15092,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15092\/mine-mine-mine-are-defaulting-homeowners-criminals-when-they-take-the-stove\/","url_meta":{"origin":16191,"position":2},"title":"Mine, Mine, Mine! Are Defaulting Homeowners Criminals When They Take the Stove?","author":"Tony Sena","date":"September 12, 2011","format":false,"excerpt":"How many of you have seen foreclosed homes damaged or stripped of wall lighting, appliances, even kitchen cabinets, countertops, and toilets? I\u2019ve even seen homes stripped of their copper wiring (I mean, really?!)\u00a0 Indeed, we\u2019ve probably all at least heard stories of homes being damaged as the occupants depart after\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":975,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/975\/bank-relationships-vs-mortgage-brokers\/","url_meta":{"origin":16191,"position":3},"title":"Bank Relationships vs. Mortgage Brokers","author":"Cooksquared","date":"January 31, 2007","format":false,"excerpt":"Every property I have ever purchased has been with the help of a mortgage broker. After my recent trip, I have started to wonder why this is the case. The obvious answer is simply their access to cheaper capital. Brokers can secure rates 50 to 100 basis points (.5%-1%) lower\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2265,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2265\/examining-myths-crummy-markets-mean-a-short-sale-extravaganza\/","url_meta":{"origin":16191,"position":4},"title":"Examining Myths: Crummy Markets Mean a Short Sale Extravaganza!","author":"Eric Bramlett","date":"November 26, 2007","format":false,"excerpt":"With the recent events in the mortgage industry & in most of the markets around the country, many homeowners are left upside down on their homes, and unable to sell.\u00a0 This is one of the real dangers of homeownership.\u00a0 While we (real estate professionals) all tout the many advantages of\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13382,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13382\/rule-of-law-and-all-that-the-foreclosure-mess\/","url_meta":{"origin":16191,"position":5},"title":"Rule of Law and All That: The Foreclosure Mess","author":"Damon Chetson","date":"October 17, 2010","format":false,"excerpt":"Suffice to say, I take a different view of the current foreclosure - robo-signer - problem now confronting the mortgage industry. Where Greg calls the banks' fraud upon the court \"procedural laxities,\" I say the banks are committing, wait for it, \"frauds upon the court.\" Greg does a neat rhetorical\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/16191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=16191"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/16191\/revisions"}],"predecessor-version":[{"id":16193,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/16191\/revisions\/16193"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=16191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=16191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=16191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}