Bad News

When I moved into my condo a few years ago my loan officer obtained a grant for me that paid for all of my closing costs but in return I had to stay in my home for five years. I was under the impression that it was prorated if you sold before the five years. I called yesterday to ask and the lady told me that it is not prorated and you have to pay all of it back at the time of closing.

SO- BLAH!!!! Guess that makes our decision easier about selling our home. We will have to just stay put for eighteen months. I was bummed out all day yesterday but I have to keep on reminding myself that we are so fortunate to even have a home and are still doing really well in this terrible economy.