Housing Blues.....

OK, so we moved into the house of our dreams two years ago…couldn’t have found a better location and so happy with the house as a whole! So, our lease was up as of February 28th and when I went to pay the rent, I let the realtor know we were interested in renewing our lease again……and then I got the call from HELL! Apparently, they guy who owns our house signed some ridiculous mortgage that has an adjustable rate that started at 7.375%....so now he can’t afford to pay the mortgage anymore and he is letting the house go into foreclosure OR selling the house as a short sale. SO…..now I am 5 months pregnant and have the added stress of trying to find a place for my family to move within the next 3-6 months (although the realtor told me it could be a year before anything happens, she called me today and told me that she is putting a lockbox on our door - YIPPEE). Buying a house doesn’t seem to be an option right now and the choices for moving are SLIM SLIM SLIM for what we need. I got another call from our realtor today telling us that there is a house opening up in mid-April in our neighborhood, so we may look at that sometime soon (and hopefully if we have to move, this house will work for us), but other than that, it’s all up in the air! I just don’t understand what in the world is going on with our economy today! Can we just catch a break already???