@JagerBombs89 wrote:

With the start of the new year, I made many life altering decision: attending more classes to get my bachelors, leaving the military service, and yes - leaving the 800 club for a foreclosure. Before I missed my first payment, I paid off my auto loan, maitained 1% utilization on my credit cards, and set up an emergency fund for unexpected expenses. But let me give you some quick background notes so it makes more sense. It has been over 18 months, every month, of making $1,200+ mortgage payments for a house that no one lived in. My wife at the time decided to cause over $20,000 in damage when she moved out and left me with the cleanup. Insurance wouldn't cover "intentional damage" and I didn't have the money to make the repairs. Over the months I wanted to make sure I became financially secure no matter what. My ex decided to leave the state mid-divorce (she represented herself) and since I am in a community property state, I would need her signature to sell the house. Prior to not making my payment, I tried for months to see what "other" options were available through my bank, but alas, community property stipulations wouldn't allow me to do ANY sort of sale on my own - even though I am the sole owner on the deed and mortgage. So as of January 2015, I went from full time job to full time student, and now 30 days past due on my mortgage. And instead of getting depressed about it, I decided I would turn my experience into a score update thread. This way, the community can see how much damage each late does from 30 to 60 all the way to foreclosure. I will update this thread every time I get my monthly FICO score updated. Account Age: Oldest: 7 years AAoA: 4 years (rough estimate) Newest: 1 Month (approved for Chase Freedom with best APR with 30 day late reporting ) Starting FICO Scores as of 12/2014 - Absolutely no derogatories: EX08 - 814 EQ04 - 790 TU08 - 829

I'm going to be the one to point out the elephant in the room...is this point in time the best time to cut your income and go back to school?

I'm all for continuing education - I'm 41 and take online courses from my college and do them at night. You have financial responsibilties, I'm sure in addition to a mortgage you have some revolving accounts with balances?

Changing your life is great if it's what you want but doing it responsibly is also important. I don't know if it's too late but please reconsider and make sure this is the best way to do this. You are "only" 30-Days late at this point and this can be turned around and with other planning you don't need to do it this way.

I'm not judging but I think you really need to determine if this is the best way to do this. You can go back to school but why not wait, keep your job, continuing paying on your financial obligations, and sell the house. I understand that it is difficult with your wife MIA but I don't believe that there is no way around that - talk to a lawyer. I highly doubt that the "system" will allow you to defualt on a mortgage simply becuase your wife is unwilling to deal with her obligations. I assume you could file a motion and a judge could vacate your wife from the mortgage note in absentia (if not that way some other way, I'm not a lawyer but I really doubt you can't get around this wife not doing anything, take it to a lawyer, take it to court, let a judge make a decision). I know you have to ability to plan as you seem to be planning for a defualt and perhaps a BK. Once more, I stress that you speak to a lawyer, I stress that you reconsider not working, there is another way to do this.

Think about this.

796 TU FICO 08 (08/2018)

758 TU FICO 08 (01/12/2016)

753 TU FICO 08 (11/21/2015)

740: EQ Score Power (Beacon 5.0) FICO 04 (01/23/2015)

755 TU FICO 08 (01/21/2015)

652 TU Lender Pull (06/10/2014)

665 TU FICO 08 (05/21/2014)

Goal: 800+