How do I get out?

gwenwildethe · Joined: 22 May 2008 Posts: 1 1.61 Dollars($)

I own a home that I need to get out of. I am single and don't want to deal with the upkeep (such as the roof) or the utility bills. I can't afford them anymore since I switched jobs. The market is one of the worst in the US.. AND it is normally quiet but when things happen they are really bad ie. in the past year a serial killer has attacked a neighbor and within the last week there was a double homicide acrss the street. I have only owned this house for about 3 years, all I want is to get out even and safe. But how do I do this?

-Just wanting my son to have a safe place to live.

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi gwenwildethe,

Welcome to the forum.

Is it a mortgaged property? If so then you need to consult with the lender on this matter. You can try to sell out the property and pay off the lender. Do you owe more to the lender than the property value? If so you may need to pay the deficiency judgment to the lender.

Feel free to ask if you have any further questions.

Best of luck,
Larry

Niicss · Posted: Fri May 23, 2008 6:35 am Post subject:

Welcome gwenwildethe,

If you want to get out of the property then why don't you sell the property? Is there is mortgage then contact the mortgage company and consult with then on this matter.

gmakerley · Posted: Fri May 23, 2008 7:57 am Post subject:

gwen, the first thing you ought to do is to contact a real estate agent to investigate the possibility of selling the home.

calling the mortgage company won't help you at this stage.

chrisburns · Posted: Fri May 23, 2008 8:15 am Post subject:

You can try listing your house for sale with a real estate agent.

You can try putting a for sale by owner sign out front in the yard.

You can try listing in in Craigslist in your area.

Those a few options I would investigate.

lisascherzer · Joined: 04 Jan 2008 Posts: 755 1.03 Dollars($)

If you can sell your house for more than you owe on the mortgage that would be the first choice. Even if you do owe more than it would sell for at this time, you can contact your current mortgage lender for a short sale. A short sale is when the lender agrees to take less than what you owe. It is usually a better option for them than a foreclosure.

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