From Hardship To Happiness
We are not very happy about this. When I explain the history behind the feelings you’ll understand.
About five years ago, we had a big and sudden change in our lifestyle – it was not a good change! My husband was told that his job would be ending. Luckily he was able to find another one fairly quickly however it was in another location, seven hours away.
At that time, we owned our house (with a mortgage). We still had a few years on our mortgage, and the timing for selling the house wasn’t good as we were in the great recession. We tried to rent the house but we weren’t successful.
So we made the decision to try to sell the house.
During that time, we were maintaining two residences. Although my husband was staying with relatives, we still had to pay his rent and incidentals, plus we had the cost of gas when he traveled to and from home every second weekend. Needless to say, it was putting a big strain on our finances (and life). Money was getting tighter and tighter which is why we decided to sell knowing that we would probably have to take a loss.
Within that time frame, we wanted to rid ourselves of the unnecessary expenses. The timeshare that we had bought a few years earlier during more leaner times, and still paying for was not at the top of that list. We contacted the timeshare company to see if they would buy it back from us. We were even willing to take a loss on it so that we would be rid of that monthly payment. We told them that we were having difficulty keeping up the payments and why. They declined the offer!
More than 18 stressful months later, we finally sold the house — at a big loss.
At the time of the ownership transfer we had just short of one year left on our mortgage. We were very discouraged and stressed-out after two years of flux that neither of us wanted to buy another house at our new location. We made the decision to rent for a few years while we decide what we wanted to do.
The bank that held our mortgage didn’t care about our circumstances, didn’t care that we had tried to rent and had to sell at a loss so that we wouldn’t end up in a worse financial situation that we already were. Instead of helping us, they levied a huge (I mean huge) penalty on us for closing our mortgage early (yes, that kind of penalty for a closing a mortgage with less than one year left on it!). Between the loss we took on the home, and the penalty that the bank made us pay we had about a quarter of the money (savings) that we had so carefully built up over quite a few years.
Now that you know the history, I’ll get back to the reason for this article.
Fast forward approximately three years later. We have slowly climbed out of that financial mess that we ended up in and our timeshare is just about paid off. Now we get an email from the timeshare company asking if we are still interested in selling.
What makes us angry is that when we really needed the help, they refused. We struggled for those years after our request to them just to make that payment along with everything else and NOW they are asking if they can buy it?
A Happy Ending
We have just come through a number of years of financial difficulty but sometimes there is a blessing that comes with problems. In our case it prompted us to take a really close look at where we were and where we were going and we didn’t like what we saw.
We made changes. Got rid of the big in favor of small, and as a result of all that we are now in a much better place. Our life is better from all angles.
We moved from a big house to a small house, and our cost of living decreased hugely. Who knew that all these changes that we made were exactly what we needed to make our lives whole again. We are very happy living in a place that is less than 500 square feet.