Frustrations with Financing

Well, today we mailed off some more of our paperwork, and a care package for little Henry. We sent him some of his clothes that will be a little too small for him by the time that he comes home. :) We also sent a baby album with pictures of our family, a couple of stuffed animals, and some disposable cameras. Hopefully, we'll get lots of pictures back soon.

We did get some distressing news over spring break. It turns out that we owe our adoption agency all of Henry's fees, right now. To date, we've paid in a lot of adoption costs, most of which we have been able to do because of the money we made baking and selling stuff. The problems that we are experiencing with the financing are for two reasons: 1) Because we adopted Henry as a Waiting Child (his medical needs), the process for us has gone much faster than we expected. If we hadn't decided to adopt him, we would probably be waiting a year or more longer, just to get a referral for another baby. So, instead of having another year or so to raise the funds, we owe them all now. 2) The credit markets have frozen up from the problems with the economy. Just a year ago, we had credit offers coming out of our ears. Now, we have applied at 4 banks, and all of them denied us.

So, I called the adoption agency, and they are working out a payment plan for us. Unfortunately, it is only over the next 3 or 4 months. So, we have a lot of money to raise in a very short amount of time. Our house is going on the market, and we are applying for every adoption grant we can find. Hopefully, we will find some help. Everything about this adoption so far has been God-sent, so we have faith that the money will be there when it needs to be. We will just keep praying that everything will work out for the best.