This is a continuation of a brief history of what led up to our current threat of home foreclosure. We don’t have one of those crazy risky loans, and we found this modest home for a reasonable price. The problem mostly boils down to the fact that we managed to lose all our savings for other reasons (notably another home that sold for a loss), followed by Mark losing his job.
Viola! I found myself in a Boston suburb in July 2004. All alone, didn’t know a soul there, and was 34 years old preparing to enter college as a sophomore transfer from California. People said, “Wow, you are so brave.” But I knew the truth is that I can go to extremes to run away from my problems. Left my career, ex-husband, and beloved Pacific Northwest behind, in order to start out on a new track and see where it would lead.
7) As I mentioned in Chapter 2, I put my sophomore year at Brandeis on my credit card because I was scared they would kick me out if I didn’t pay. My financial aid package finally kicked in around November, but by then I had a $17,000 balance with Bank of America. (Thank you Rita Fine ’55 Memorial Scholarship people for keeping me from having a $34,000 balance!!)
Since my student loans were insufficient to cover the mortgage, the credit card payments, filling the heating oil tank (OMG!! New Englanders heat with OIL?!), buying monthly passes on the commuter rail train, etc. etc. Not to mention cross-country flights so that either I could go see my kid or she could come see me, I was constantly broke. Because of her young age, flights for her also required a ticket for another adult, or huge chaperone fees. Because of unresolved custody, my flights usually included a bonus payment to Family Law Court in California for one reason or another.
8) I was forced to begin pulling out money from my IRA. Twenty thousand here, Fourteen thousand there.
By the end of my junior year, the infallible courts of California had decided that my daughter had to stay with her father as long as I was going to be out of state. I was crushed and angry, and forced with an awful decision: quit school and go dragging back with my tail between my legs so that my girl could have me more often? Or bear the continued separation another year, in hopes that being the first in my family to get a classy degree would be the key to pulling her out of the white trash sludge I couldn’t seem to pull myself out of.
OK, ok, yes. The whole truth also includes the fact that I did not want to go back to live in the same small town as her dad who drove me crazy, and also the fact that I would have zero chance of getting my old job back, so I would have to scrounge around for whatever job was available there.
9) I chose to stay in Massachusetts.
For her part, my daughter seemed fine with it all. I talked with her about it in kid terms, and – in kid terms – she begged me to stay in Mass. She loved the house, loved her friends there, and seemed to be healthy and happy. Happier perhaps, without her parents’ unspoken animosity charging the atmosphere. Her winter visits afforded her snow vacations for the first time in her life since she was a baby in Vermont. She felt very grown up to consider cross-country flights a natural part of life.
I took advantage of my distress, and piled on the schoolwork. I got myself into a program wherein I worked on both my Bachelor and Master degrees at the same time. I lived and breathed school, every waking moment.
10) I never did find a renter, but Mark, my Massachusetts boyfriend, eventually moved in and began splitting the mortgage payment with me.
11) In my last year there, and especially the Spring of 2007, I tried to sell my home but it didn’t sell. Something funky was going on in the economy. The stock market was faltering, real estate values were actually falling, and people weren’t so interested in buying. I heard that one of my neighbors had to move because her home was foreclosed upon. This news was my first exposure to foreclosure. It was disturbing to have it so close to me. I knocked thirty thousand off what I had purchased my home for, three years earlier, and still no one was interested in the asking price. It was a beautiful, new home. What was the problem?
Finally graduated in May 2007 with a BA in Cultural Anthropology summa cum laude, minor in Peace, Conflict, and Coexistence studies. I also had an MA in Cultural Anthropology, with a focus on International Mediation. (Read this awesome profile my friend Dave Nathan wrote.)
For all the sacrifice, and the coveted sheets of embossed paper that apparently heralded my achievements… I was full of fear and doubt. I had so much debt it was staggering to think about it. Approximately $80 K in student loans, $230 K on my house, $26 K on credit cards. No job.
During my last year of school, my daughter and her father had moved to Portland, Oregon in hopes of finding a community that offered more job opportunities. He needed work and knew I would soon be needing work. It was a rare moment of cooperation. Approximately 72 hours after I graduated, I was moving West.
Portland seemed large enough to contain her dad and me together. It was exciting to anticipate my new town, my new career, new friends. I also was lucky enough to have a loving partner who had decided to leave his home state of Massachusetts and try out a new life on the West Coast with me.