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Joined Aug 31, 2011
Have an upside down home in LA. Paid 429K, worth 287K as of recent April appraisal. It needs work and frankly I am tired of paying 3000 a month on a home worth far less. I have 3 tenants and as far as I see it, this situation will not change anytime soon. I do not want to be stuck living like this for the next 10-15 years just to see my home deteriorate further and all for what? So I can break even? I am going to either let it go back to the bank or short-sell but I don't plan on paying mortgage especially after the bank and the Feds turned down my Modification 3 times! If they would rather see me lose the home and they take a loss then so be it. I am done! So I want to still have my own place and as far as i can see, a Mobile Home is an affordable way to live. I have lived in them before and when you are inside, you can't tell the difference from a real house or a mobile home!
I have saved up roughly 25K and want something in that range and I have seen plenty of units for sale in the areas of Long Beach and Huntington Beach. I can afford around 750.00 lot rent.
If you are an agent and can find me something in this range, I will pay CASH. My credit is basically ruined but I have 2 businesses and clear 3500.00 a month so I can afford the rent. Once I am free of the house I have, I will have even more money that I am currently blowing on Taxes and all the other BS home-ownership straddles you with. Trust me, owning a home is ONLY good when you either have inherited it or bought it when prices were low. I did neither and have suffered through 7 years of trying to hang on. Enough already!