It's official. The house is now in the foreclosure process. The sitter called me today to let me know that she found The Packet of papers taped with the signature blue tape on our door when she went to take the little ones to the store. I thought I'd be more... I don't know, upset. But I'm not.
I'm almost relieved. Now we have an idea of how much longer we have. This doesn't mean that the short-sale process is done and over. The bank has different departments that handle the two issues (of course), and whomever gets their job done first, well, wins. In theory they should be communicating with each other and delay foreclosure/auction if the short-sale is close to closing, but that's expecting a lot out of a fairly inefficient system. So, legally the soonest we could be forced out, if the short-sale doesn't go through, is early March. The papers today are the beginning of the end. The bank can sell the house at auction 120 days from today, and then we'll have 20 days after that to leave. Here's hoping the short-sale people win the race to the finish line!
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