Not a great situation. Have had owners qualify for a short sale based on relocation.
If you are not behind on your mortgage and your credit is good it can be a relatively short time before you can qualify for a new home in WI. It is not a quick process but I sell using a law firm that specializes in short sales to get you the best terms.
The other option for you could be a lease with option to purchase.This gives you some time to let the market catch up to the mortgage amount. If your tenants know they have the opportunity to buy the home it is possible they take better care of it.
Hope any of this helps. Feel free to contact me with any more questions.... more
Review your listing agreement. Keep in mind you have to comply with State statues when selling commercial or residential property. Many believe they can do this get sued by potential buyer. There are seasoned veterans who search FSOB who know the law realize you don't live off suing property owners.
Many issues including safety concerns for family when invovled in real estate
National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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