Seeking God Knows What

Oh, I’m having a dilemma. Nothing new, right?
We are still waiting on the bank to tell us if they will take the offer submitted as payment in full for our loan. We missed a piece of paperwork and now have to get that to them before they can process it. Of course, since they are reviewing more short sale requests than before thanks to the *fabulous* real estate market and whole subprime mortgage deal (totally us and the more I’ve been reading up on it, the more sure I am that we had some predatory lending going on ).

Now my dilemma is this:

We talked to the apartment complex people where we would prefer to live: it has a play area, a pool, a fitness center (heh that may just eliminate my excuse for not exercising…) and we can paint the walls in our apartment…. Sorry, I digress. They only have one two bedroom two bath apartment and one possible coming open in May and their April lease special is one month free rent which you can either take upfront or divvy up over the lease term of 12 months but you have to sign by April 30. I’d prefer the two bath because the overall size is larger and the expense isn’t that much more than a one bath- about $40-$50 more per month depending.

If we do need to move in May, truthfully the only weekends we could do it would be the 1st weekend as in a little of 3 weeks or Memorial day weekend. If the approval goes through, the buyer wants to close and take possession 30 days from then.

There’s this teeny part of me saying to heck with it all, let’s just move the first weekend in May and if they don’t take the offer, we’ll just stop paying and let it go into foreclosure or attempt what they call a “deed-in-lieu of foreclosure”. If the bank is smart, they’ll take the short sale because we KNOW the only other option will be foreclosure since we are in WAY WAY WAY over our heads right now.

We paid the hold fee on the apartment style they had, which is refundable through end of the day tomorrow, but we have to say yes or no by then too because we haven’t filled out the applications yet and they need those to hold the apartment longer than that. We would then have a month before we would have to sign lease paperwork or lose the apartment to someone else.

So should we….

Say no and wait until we hear from the bank about approval but run the risk of not being able to get the apartment size we want?

Say yes and hold the apartment for the month knowing we may not get the same special in May?

Say yes, and lease the apartment by the 30th to get the special but wait to move until we know whether we will be going the short sale or foreclosure route?

Say yes, lease by the 30th, move the first weekend in May and just say to heck with it.

You should have seen me yesterday during my session with #5 while I’m rattling on about these options, not knowing what is the right thing to do, my anxiety level, the amount of time I’ve spent running assorted numbers in various spreadsheets trying to determine financially what is the best. He kept making me stop and take calming deep breaths.

And just so you don’t think I’m making all these decisions without T, we have talked at length about it. Both of us just don’t know. One minute, we think yes we should go ahead and move, the next maybe we should wait. I’ve also prayed about it but at the moment, it feels like it is one of those times in which God is going the “no answer” route.