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mortgage

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marga1511 Joined: 13 Nov 2009 Posts: 42 0.02 Dollars($)	Posted: Mon Mar 21, 2011 8:52 am    Post subject: mortgage Like 0 Dislike 0 we bought our condo in Massachusettes in 2007 for $261,000. My husband and I both now work in Connecticut and have long commutes. We are having a baby in June and want to sell and move to Connecticut closer to our jobs and family. We owe about $248,000 and don't think we can sell our condo for that amount. Most recent sales in our condo community have been lower then that. What are our options that won't hurt our credit score?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Mar 21, 2011 7:45 pm    Post subject: Like 0 Dislike 0 Hi marga! Welcome to forums! You can list the property in the market, contact a broker and try to sell off the property. However, if you go for the options of deed in lieu of foreclosure or short sale, it will affect your credit score in a negative way. Feel free to ask if you've further queries. Sussane

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