Information about our cabin

It has been a while since I posted any information about our cabin. This is where we stand at the moment.

Because of the foreclosure sale of the cabin on January 13, Mike and I have stopped taking rentals for the cabin as of December 30th. We are going to remove the furniture and sell everything at a later date (if the sale goes forward).

A man in the Knoxville area made us an offer to buy the cabin (furniture included) below the amount we have mortgaged. Mike got all the paperwork together and faxed it to the mortgage company on Christmas Eve (we have to have the bank's approval before we can accept the offer because it is below the amount of our loan). December 30, Mike and all of us headed to Pigeon Forge to relax and see family instead of packing furniture. Since we hadn't heard anything about our offer, Mike called the bank on Friday, January 2. They have a back load of paperwork to go through. Because of this, our case was to be assigned to an analyst either Monday or Tuesday (January 5 or 6). The analyst would review our offer, Mike's cover letter detailing everything and the rest of the paperwork and then decide whether or not to hold off the Foreclosure sale scheduled for January 13th. (Mike didn't get a chance to call them today to see if our case has been assigned yet but the Manager did call him and left a message.)

Mike and I know that God is in control of this situation and He knows exactly what needs to be done. We are trying to trust Him and not get ahead of Him. Please pray that God's will will be done and that we rest in Him.

Also, you may have heard that FedEx is cutting the salaries of some of their employees to keep from laying off employees. We have been asked if this is affecting Mike and his job. Mike is having to take a 5% pay cut starting in February. He is also losing his 401K match and bonuses for this year. He is taking about a 15-20% cut in benefits with all of this.