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home not selling

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kmartin Joined: 08 Oct 2010 Posts: 1 1.00 Dollars($)	Posted: Fri Oct 08, 2010 10:36 am    Post subject: home not selling Like 0 Dislike 0 house listed for over 18 months by owner, 2 realtors now by owner again price down to pennies over what we owe after 3% co-op IF WE SELL! Cannot afford to go upside down Working out of state for over one year Wife and daughter still living in house refinanced mortage with existing lender made all payments on time FED UP. WHAT ARE MY OPTIONS?
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Fri Oct 08, 2010 10:44 pm    Post subject: Like 0 Dislike 0 Hi k, If you want to get rid of the property and want to move to some other state, then you should contact your lender and apply for a deed in lieu of foreclosure. This will not only help you in getting rid of the property but you won't be liable for paying the balance dues resulting from the property sale. _________________ Procrastination is the enemy of your financial success

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