Hi Ginn,

I live in San Elijo Hills near by and would be happy to run some numbers for you so you can make an educated decision.

Mark DeWitt
Bank of America Home Loans
858-212-7054 Cell
Mark.DeWitt@bankofamerica.com

Hello Ginin,
I always tell my clients that they lose nothing until they sell for a loss. You live in a very nice area in a very large and probably comfortable house. If you can afford the payments and do not have a toxic loan (ARM) or a mortgage that has been securitized (sold again and again), you might want to wait it out. Also, if you do a short sale or walk away from the house, it could impact your credit. If you have the means to buy another, you might consider renting your place in San Marcos. On the other hand if you have a toxic loan or one that has been securitized, give me a call. I am also a lawyer and have helped people with modifications that have bad loans.
Ed Peckham 858-278-0888

Hi, Ginin. I just realized that nobody answered your question!

I happen to live a couple of miles from Mahogany. I know that area well, as well as the new La Costa Oaks stuff (Rockledge and Copperwood). Certainly the area of La Costa Oaks is considered better as far as schools go. The question is, do you want to take that much of a loss to go into another home. Would you have to do a short sale in order to sell your home? There is really a lot to consider and a lot to discuss (this space doesn't provide enough room for that). Please feel free to contact me via our website or at 760-908-3838 and we can talk through everything.