CHAPTER 13 Where Will You Go?
If you’ve experienced the loss of your home through a foreclosure or been forced to sell your home to avoid it, you’re likely to feel a jumble of emotions. You might feel so mentally, physically, and financially exhausted that you dread the idea of looking for another home. Of course, you have to live somewhere, and if you have a family, finding a suitable place will be even more urgent and, perhaps, stressful. Perhaps you were fortunate to sell your home and avoid foreclosure. You came through the process with only minimal impact on your credit score. Maybe your equity in the property was sufficient — and you sold your home for enough — to consider purchasing another home soon. Or perhaps you would prefer to rent a place, either because of your finances or your personal preferences. The next part of this book will provide you with helpful guidance on buying or renting a new home. Whether you buy, rent, or move in with someone close to you, you’re embarking on an emotional and financial recovery process that will require time. Time to get used to a new living situation. Time to revitalize your credit. Possibly, time to prepare yourself to make another attempt at homeownership. But where do you start? If foreclosure of the necessity of selling your home has left your finances is such a damaged state that you cannot afford renting or buying a new home, then the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is a resource tailored to fit your needs. HUD’s website can provide you with a list of government-approved counselors in your area. 94
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