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Ughhh...foreclosure
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<blockquote data-quote="klmno" data-source="post: 319218" data-attributes="member: 3699"><p>I was aware of the short sale and that's my plan, but they told me I still have to have the house listed for fair market vakue for 90 days first- and there are 2 other houses for sale within a block of mine that have been on the market for several months. Now, one thing that seems to be in my faavor- given the circumstances- is that the balance on my primary mortgage is about 65% of the house value. I have a HELOC though, through another bank, that's about 21% of the house value. So, if the house sells at all (without forclosure), the primary mortgage would be paid for. My concern is that it won't get any offers at all.</p><p></p><p>I didn't already list it because I need to have an address in order for difficult child to get released to me. And, I need to get an answer about the HI job ASAP. But, maybe if I wait one week, then do something, it might prevent more trouble and gives the people in HI another week to make a decision.</p><p></p><p>Thanks for all this info, by the way- it is very helpful!</p></blockquote><p></p>
[QUOTE="klmno, post: 319218, member: 3699"] I was aware of the short sale and that's my plan, but they told me I still have to have the house listed for fair market vakue for 90 days first- and there are 2 other houses for sale within a block of mine that have been on the market for several months. Now, one thing that seems to be in my faavor- given the circumstances- is that the balance on my primary mortgage is about 65% of the house value. I have a HELOC though, through another bank, that's about 21% of the house value. So, if the house sells at all (without forclosure), the primary mortgage would be paid for. My concern is that it won't get any offers at all. I didn't already list it because I need to have an address in order for difficult child to get released to me. And, I need to get an answer about the HI job ASAP. But, maybe if I wait one week, then do something, it might prevent more trouble and gives the people in HI another week to make a decision. Thanks for all this info, by the way- it is very helpful! [/QUOTE]
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