Is foreclosure worth it to stay at home with my son?

Dana - posted on 08/08/2012 ( 1 mom has responded )




I will try to make this very long story short...
6 years ago we bought a home on the bubble of the economy/ housing market crash. As a result, we are now under water on our home. While we can make the payments, it requires us both to work and my husband to work an extra day just to make ends meet. When I found out that I was pregnant, we put the house on the market to see if maybe we could somehow sell it (hoping for a miracle)- we asked only what we owe, no more, no less. We had one person come look and the only feedback we got was that the price was too high; however, lowering it any more would require us to pay the bank to sell it, with money we don't even have. So, long story short, I have to go back to work when my maternity leave is over. I am a school social worker and at least will have holidays and summers home with my LO. Until recently, I had accepted the fact that we would have to do daycare so we would not end up homeless. However, the guilt and overwhelming depression I have started to feel at the thought of leaving my son with a stranger has made us start to question that choice. In fact, my husband said this morning "it's not worth it- just quit- will find somewhere to live" but I know that would be bad for our family and I feel guilty about that too. I don't know what to do! Is it worth it to go into foreclosure so I can be home with my son? Or do I need to "suck it up" and just accept the fact that for our family, daycare is the only option. What do you moms think?


Dove - posted on 08/08/2012




My opinion:

Keep working until you find a place to live that will work with you not working.... and look as hard and as fast as you can. ;)

I don't blame you at all for how you feel as I would feel exactly the same, but I'm willing to bet that being homeless would be a million times worse than daycare any day.

I hope you find a solution SOON, so that you can be back with your baby where you want to be.

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