Getting rid of commitments in USA so we can leave?
Aug 15th 2007, 10:53 pm
#31
Just Joined
Joined: Sep 2003
Location: Ohio USA
Posts: 13
Re: Getting rid of commitments in USA so we can leave?
What a stressful time you are having. How can you consider another baby with all the stress? I only ask because we are in the same situation. We are trying to work out the best way to secure our rights to live in the US and not cock everything up through impatience, sell our house (haven't even put it on the market yet and with all the stories I am reading, I am dreading it already), get everything sorted so we can get back to the UK, find a place to live, jobs etc... and at some point during all this, maybe have another baby.
My last baby I was in bed for 16 weeks as I went into labour at just 20 weeks, so I am high risk too. With no family or friends around I promised myself that if I did it again, I'd make sure I was in the UK, especially with a toddler to care for this time too.
I think we will have to put baby making off for a bit but I can see that you have good reasons to go for it - anyway I wanted to say that I related to your post and good luck with everything. I hope your house goes soon.
My last baby I was in bed for 16 weeks as I went into labour at just 20 weeks, so I am high risk too. With no family or friends around I promised myself that if I did it again, I'd make sure I was in the UK, especially with a toddler to care for this time too.
I think we will have to put baby making off for a bit but I can see that you have good reasons to go for it - anyway I wanted to say that I related to your post and good luck with everything. I hope your house goes soon.
We bought our house for 178k 5 years ago. We are listed at 197k and not even a silly offer at this point. It is crazy to think but we are getting bites at 188k as FSBO, but we have invested about 20k into the house to update it completely that we are never going to recoup. It is sad really. If we had to do it all over again, we would have never bought a house here but who knew that Cleveland would go practically belly up and the housing market would crash here first and when we really want out we can't get out.
Nice to know that we are not alone in our struggles. I just hope we both have a bit of luck and can sell and our plans come to fruitition without a ton more stress.
Best!
Aug 27th 2007, 4:29 am
#32
Just Joined
Joined: Jul 2007
Posts: 5
Re: Getting rid of commitments in USA so we can leave?
Hi,
We are in a similar situation. Owned the house for about 3.5 years, have been on the market for just over 4 months. We've had people interested, but at least 2 have struggled with getting qualified.
I've landed myself a good job back in the UK so we have decided to just go for it and leave the house on the market. It's not ideal, but we don't want this crappy housing market to dictate what we do for the next few years. Our US savings will go towards paying the mortgage here, and our UK savings will be enough for a deposit in the UK.
Does anyone know if UK mortgage lenders check US records?
Lee
PS. Anyone want to buy a house?
We are in a similar situation. Owned the house for about 3.5 years, have been on the market for just over 4 months. We've had people interested, but at least 2 have struggled with getting qualified.
I've landed myself a good job back in the UK so we have decided to just go for it and leave the house on the market. It's not ideal, but we don't want this crappy housing market to dictate what we do for the next few years. Our US savings will go towards paying the mortgage here, and our UK savings will be enough for a deposit in the UK.
Does anyone know if UK mortgage lenders check US records?
Lee
PS. Anyone want to buy a house?
Aug 29th 2007, 2:21 pm
#33
Just Joined
Joined: Sep 2003
Location: Ohio USA
Posts: 13
Re: Getting rid of commitments in USA so we can leave?
Hi,
We are in a similar situation. Owned the house for about 3.5 years, have been on the market for just over 4 months. We've had people interested, but at least 2 have struggled with getting qualified.
I've landed myself a good job back in the UK so we have decided to just go for it and leave the house on the market. It's not ideal, but we don't want this crappy housing market to dictate what we do for the next few years. Our US savings will go towards paying the mortgage here, and our UK savings will be enough for a deposit in the UK.
Does anyone know if UK mortgage lenders check US records?
Lee
PS. Anyone want to buy a house?
We are in a similar situation. Owned the house for about 3.5 years, have been on the market for just over 4 months. We've had people interested, but at least 2 have struggled with getting qualified.
I've landed myself a good job back in the UK so we have decided to just go for it and leave the house on the market. It's not ideal, but we don't want this crappy housing market to dictate what we do for the next few years. Our US savings will go towards paying the mortgage here, and our UK savings will be enough for a deposit in the UK.
Does anyone know if UK mortgage lenders check US records?
Lee
PS. Anyone want to buy a house?
You may also want to consider using the classifieds on this site to increase your exposure. You can see ours by clicking on the link to my classifieds just below my user name on the site.
If your realtor has not done so, you also may want to consider additional exposure avenues such as craigslist. I am amazed how many calls to our realtor and people at our open houses who found us because of craigslist.
I believe I have read on a number of occassions that lenders in the UK do not routinely check US credit records. However, if you feel it will benefit you for them to have the information, obtain current copies of your credit report and a reference letter from your current lender.
Good Luck!
Aug 31st 2007, 1:52 am
#34
long live thefinest range
Joined: Jul 2006
Location: Higham Ferrers, Northants to Spokane Washington and back again!!
Posts: 445
Re: Getting rid of commitments in USA so we can leave?
Heres the problem, we are desperate to leave here, but the houses arent selling. Some near us have been for sale for years. We have to sell up to get out of this loop we are stuck in. We dont want to be here another day never mind a year.
Someone told us of an English guy that just gave his house back to the mortgage company and left, as he had enough of being stuck here because of his house.
Is this possible in an emergency? Im thinking we might need to put a time limit on how long we are willing to stay and can afford to pay the mortgage.
Im worried it will affect our credit hsitory though, the banks in the Uk will take our credit here, but if we had to do anything this drastic it would be after we have moved back, so I dont know if they would even be interested after our credit has restarted back there.
Theres enough equity in the house for the mortgage to still make plenty on it after fees etc.
We are just getting pretty desperate :'(
Thanks
Someone told us of an English guy that just gave his house back to the mortgage company and left, as he had enough of being stuck here because of his house.
Is this possible in an emergency? Im thinking we might need to put a time limit on how long we are willing to stay and can afford to pay the mortgage.
Im worried it will affect our credit hsitory though, the banks in the Uk will take our credit here, but if we had to do anything this drastic it would be after we have moved back, so I dont know if they would even be interested after our credit has restarted back there.
Theres enough equity in the house for the mortgage to still make plenty on it after fees etc.
We are just getting pretty desperate :'(
Thanks
Now just sitting and waiting again. Originally we had hoped to get out before my daughter was born but now she's a month old. Nice US hospital experience mind you.
Hello to all who are still on here that I recognise!
Aug 31st 2007, 1:57 am
#35
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,022
Re: Getting rid of commitments in USA so we can leave?
my sympathies, it can be very stressful. My house has been on the market since feb- I'm in washington state. We had an offer then they dropped out after we fixed everything on the home inpection. We got their ernest money back but big whoop.
Now just sitting and waiting again. Originally we had hoped to get out before my daughter was born but now she's a month old. Nice US hospital experience mind you.
Hello to all who are still on here that I recognise!
Now just sitting and waiting again. Originally we had hoped to get out before my daughter was born but now she's a month old. Nice US hospital experience mind you.
Hello to all who are still on here that I recognise!
I hope you manage to sell your house soon. Any chance of renting it out until you find a buyer?
Sep 2nd 2007, 2:10 am
#36
long live thefinest range
Joined: Jul 2006
Location: Higham Ferrers, Northants to Spokane Washington and back again!!
Posts: 445
Re: Getting rid of commitments in USA so we can leave?
Hello Hayley...congratulations on the birth of your daughter. What have you called her and do you have any pics to put in the Gallery? I know you were hoping to be back in the UK by now but at least your daughter is a dually.
I hope you manage to sell your house soon. Any chance of renting it out until you find a buyer?
I hope you manage to sell your house soon. Any chance of renting it out until you find a buyer?
We have been really down as my mums house has sold and she is back to the Uk at the end of this month I know things could be worse but it's really hard to snap out of a down time sometimes.
Trying to count my blessings :-)
Sep 2nd 2007, 2:33 am
#37
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,022
Re: Getting rid of commitments in USA so we can leave?
Thanks for the congrats Jersey! we called her Elsa Iris- no pics uploaded as yet.
We have been really down as my mums house has sold and she is back to the Uk at the end of this month I know things could be worse but it's really hard to snap out of a down time sometimes.
Trying to count my blessings :-)
We have been really down as my mums house has sold and she is back to the Uk at the end of this month I know things could be worse but it's really hard to snap out of a down time sometimes.
Trying to count my blessings :-)
I like to think things happen for a reason. It may be difficult at the time but I usually find when I look back I can see the reason and it all works out for the best. Hang in there...it will all come right you'll see.
Sep 2nd 2007, 9:53 pm
#38
long live thefinest range
Joined: Jul 2006
Location: Higham Ferrers, Northants to Spokane Washington and back again!!
Posts: 445
Re: Getting rid of commitments in USA so we can leave?
It's just very hard to view it that way as our savings are about to run out and I don't know how much longer we can even afford the house. I am really at a low point- returning to this site makes me feel tons better though- just reading others posts and thinking that sounds just like us. Plus some poor folks have it way worse.
