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jeannieradford · Joined: 14 Nov 2008 Posts: 1 1.26 Dollars($)

I will lose my job in 4 to 5 months due to plant closure. I will need to relocate. with the current housing market I doubt i will be able to sell at all let alone for the amount of my first and 2nd mortgage.

apexoffice · Posted: Sun Nov 16, 2008 10:41 am Post subject:

You could rent the property until such a time that the market returns to level that makes selling the property feasible. I know that renting will be a hassle especially if you are relocating out of state, but it may be worth the hassle opposed to having a foreclosure on your credit. There are also management companies that can manage the process for you, including finding renters, doing the credit checks on the renters, collecting the rent checks each month, and any maintenance. This service is expensive but even a little loss each month may still be well worth it.

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what is the best way to dispose of my house?