Thinking About Short Selling Your House? What No One Will Tell You.


I’m really not any different than you are.

Even though I play a mortgage commentator on Twitter, it doesn’t mean that I am infected with mortgage rabies not a real person.

I like to think that if there ever was a focus group for everyday-Americans, I might even get an invite.

I am just normal.

And so I am going to let many of you other normal people in on a little secret — because according to my escrow agent,  you might be dealing with the same problem I have been dealing with:

Short selling your house.

Whether it makes sense or not, regardless of what reasons you may have for  short selling your house, I just thought I would let you in on one little secret that no one will really tell you about…

Short selling your house will put an abnormally large amount of stress on your marriage.

Just ask my wife.

Having met her when I was 11 and having been married for 16 or so years now – I can safely say that short selling our house was one of the more stress-inducing events we have been through.

And the strange thing is – no one warned us that she would want to kill me for about 10 months straight for being the one dumb enough to get us into the position where short selling our house seemed like a sane choice.

There are many reasons that short selling your house can harm your personal relationships – and not one of the relationship gurus wrote a word about how to deal with the process in all of the relationship books I have read over the last 12 months.

But chances are, at some point in the process – the ambiguity of it all will become beyond annoying and get at least one of you to the point of apathy.

And I once learned somewhere that there is only one feeling worse than hate: apathy.

So no matter what, if you find yourself in a position where you are selling your home for less than you owe your lender on it…

Make sure you know in advance that it will put an undue amount of stress on your marriage.

And now you can’t say that someone didn’t warn you about that part.

Photo Credit: Whoops. “All Rights Reserved” photo was inadvertently used. Our apologies to the artist.

McHoodAbout the Author:Justin McHood calls himself a “Mortgage Commentator” and works for Academy Mortgage Corporation. You can find his loan officers at Ten Day Close and read more of his thoughts on the mortgage business on Zillow’s Mortgages Unzipped Blog. You can also find him at most East Valley Friday Nights gatherings. He’s the one in the blue shirt.

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About the Author
Justin McHood

Justin McHood is America's Mortgage Commentator and he can be seen talking about mortgages on many of the nation's leading real estate and mortgage sites.

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About the Author
Justin McHood

Justin McHood is America's Mortgage Commentator and he can be seen talking about mortgages on many of the nation's leading real estate and mortgage sites.

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