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I can't comute from Minnesota to Arizona for a job, but I can't sell the house either
January 03, 2008
I own a home in MN and had to move to AZ last year for a new job. Tried keeping up with mtg by leasing and had bad luck with tenants. Currently being leased and payments have caught up to me. due to market analysis done last Nov. I don't believe I can sell to cover my mtg balances. 2nd with Citi Mortgage and line with Wells Fargo.
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Comments
Recently answered your posts. This is again another way to seal your fate. You cannot sell the house for what they state you owe them. Who's buying houses anyway? Except the banks at the foreclosure sales. The market is down. I have homes near me that have been sitting for years. Now all the bank has to do is wait for the sale, buy back your house for 30 to 40,000 less than you owe. Kick you out then fix it up a little, wait till next year when the market levels and sell it for 60,000 dollars more. Pretty neat huh? Surely not our "American Dream". Get a lawyer. Fight back.