So, here's the thing. I never thoguht I'd be the one to share my story like this, but I guess life has a way of humbling us all. As an SDE in FAANG, I went through a bunch of hurdles to get where I am today. It was tough, but I finally felt like I made it, y'know? But now, everythings going sideways and I'm strugglin to keep our million-dollar home in Bothell. It was a dream we both worked our butts off to achieve. A few months back, my wife got laid off from her job. She was a graphic designer, and with the pandemic still goin on, her company had to let people go. It sucked, but we tried to stay positive. With her income gone, we found ourselves strugglin to pay our mortgage and take care of our 2 kiddos. But, life wasnt done with us yet. My wife was diagnosed with this rare eye condition called LHON that needed treatment ASAP. We were both shocked, and everything just felt like it was spiraling out of control. The medical bills started piling up, and we had to use all our savings to cover her surgery and treatments. It was like we were stuck in a nightmare, and we couldnt wake up. I took on extra freelance gigs, like website development and software teaching, to try to keep us afloat. I've mad about $3200 so far, but man, it's been tough. I'm working crazy long hours, 13+ most days,, my health is suffering, and our marriage is feeling the strain. And it's not like my wife isn't hurting too – she feels guilty for losing her job and for her medical issues. Last week, we got a notice from the bank – we're 3 months behind on mortgage payments. They're giving us 30 days to come up with $18,000, or they'll foreclose. The idea of losing our dream home is crushing, but the thought of my family on the streets is just... I can't even. So, here I am, sharing our story. I don't know what else to do, and I'm hoping there are some good people out there who might be able to offer advice, help, or anything, really. I'm swallowing my pride and asking for help cuz I'm desperate to save my family and our home. If you can offer any help or advice, it would mean everything to us. Thanks for taking the time to read this. #BlindPost #NeedHelp #FamilyStruggle #SDE #FAANG #BothellHome #PleaseHelp
Why don’t you just sell the house? Market is hot now you might get a good deal. This will take the pressure off and you can focus on her recovery and taking care of kids.
You could sell the house while price is still high. Since she may not be able to look for a job soon it might be a good idea to at least get off the loan
We have nowhere to go honestly... Are you suggesting we rent out? Our broker also mentioned that we might not get any cash from our sale.. we bought it at a million a year and half ago and its currently valued at 1.1 million at best case scenario...
You won’t make money but you will get your down payment back, plus no recurring mortgage payments which is a great thing
What was your combined TC earlier and how much was the medical bill? I mean i feel for you guys but i believe you should always keep cash in hand and have situation like these covered before even thinking you made it. When i say i made it , it will be when we have enough money to survive a year worth of unknowns without even touching investments
6k/mo mortgage is quite a luxury on one tech TC. If you sell and rent even at 3k you should get you something fairly nice. Hard choice but it is your biggest cuttable expense by far.
6k/mo is not luxury in all cities… it all depends where you live
6k/mo is a luxury no matter what if you don’t make enough money
Hang in there. Keep going.
Sell the house and rent, or move to another country. Don't see any other option unfortunately.
Are you asking for money 💰 from strangers on blind?
Swallow the reality, you cant afford your house, sell and live debt-free. You cant really afford the house to begin with
I guess this is our last option.. we might not get anything back.. 5% down and house hasn't appreciated much.. so everything will go towards fees and commissions. But if we break even, that should lift the mortgage pressure for now
OMG 5% down. You need to seel or you will be underwater as prices fall more. You can't afford your lifestyle. Sell house, move to very cheap rent area and focus on family and health. Also you need to start selling any other assets you might have (downgrade car, fancy furniture etc). You need to get back to saving. Also is your wife on your health insurance?
Medical bills are always negotiable if your insurance doesn’t pay. Most hospitals are able to do this once you provide some proof that you are facing financial hardship. As for next steps, request mortgage assistance from your bank to buy some time and put your house on the market asap. Take care of your health. You can always buy again when you are in a better position.
Sending prayers your way. You’ll get through this.
Thoughts and prayers But good luck getting anything else from me