If you’re just now joining in on my #31Days series, you can click here to read all the posts. I suggest reading them in order because they build on one another :)
Its devastating to lose a home. I don’t know if that’s happened to you, but if it has, I offer a big hug. It is awful. It was a painful lesson to learn that God is in control and sometimes the plans we have picked for ourselves are not what God wants for us. It was hard. I hated it. And if I could go back, I would dig in my heels and stay in our little condo and not buy a house. But here we are.
The reason why this post is titled “The Lord Has Need of It” is because of this verse:
When he drew near to Bethphage and Bethany, at the mount that is called Olivet, he sent two of the disciples, saying, “Go into the village in front of you, where on entering you will find a colt tied, on which no one has ever yet sat. Untie it and bring it here. If anyone asks you, ‘Why are you untying it?’ you shall say this: ‘The Lord has need of it.’” So those who were sent went away and found it just as he had told them. And as they were untying the colt, its owners said to them, “Why are you untying the colt?” And they said, “The Lord has need of it.” And they brought it to Jesus, and throwing their cloaks on the colt, they set Jesus on it.
With short sales, the bank has to approve the purchase price before the the sale can move forward. During the time we were in our home, we had several offers on the home. Several. I lost count after a while on how many offers were submitted to the bank. And all that came back was no. No. No. We were scared our home would end up in foreclosure, but we knew that we couldn’t do anything more than we were. We were trying. Telling people that our home was for sale. Keeping it sparkling clean for showings.
After a while, we were served papers notifying us that our home would be auctioned at a foreclosure auction. The date was listed. Again…devastated.
At the time, it didn’t seem like the Lord’s provision. We became bitter. Why wouldn’t the bank just hurry up and do something? Dragging us along was damaging our credit more than it needed to. But in the end, we realized that the Lord was allowing us to be in our home because He wanted us there. The Lord has need of it echoed in our minds every time we were tempted to wonder why we weren’t being released from this home. We didn’t want to lose it, but we were stuck in a strange limbo that grated on our emotions.
Finally, a sale price was accepted…and our home sold for painfully less than we bought it for. For only 40% of our original purchase price. And our agent [the second agent we hired] told us that he had never heard of a family living in a defaulted home that was threatening foreclosure for three years. Yep, you read that right. We lived in the home for three years without making a payment and attempting short sale all while avoiding foreclosure. The Lord kept us. We tried to call the bank several times over that period. We tried to work out a new payment plan. We offered to “re-purchase” the home for a smaller amount. To refinance it using its value. We tried everything and were compliant with all the bank’s requests. But in the end, we still lost it. But God worked on our behalf. I don’t know why this happened to us, other than our bad decision making, but I do know that the Lord kept our family…yet again. The final sale was a couple years ago now and our credit has been restored as well. We are able to purchase a home again if we choose to do so, but our decision will be made next time with more caution and prayer. xo
p.s. Please, if you are going to comment, any rude or mean comments will be deleted. There are many strong opinions out there about the housing market and we have heard our fair share of them. Not everyone supported what happened to us. There are people out there who think that we just weaseled our way out of a home we committed to purchase. But that is not the case. We tried and in the end had to make the best decision for our family. Thank you for respecting that when leaving your comment.