Asked by rebelyelljr, Pittsburgh, PA • Thu Feb 21, 2013
Ok this is an odd situation. But trying to help a good friend, more opinions the better i guess.
Friend purchased a cute 2 bed home in Baldwin in 2009. Admittedly overpaid for the home, but she is currently upside down in the mortgage, by about 10-15K. Home probably valued around same less than purchased for.
She moved to Cranberry about 2 years ago, to move in with husband. Has remained current and attempted to sell the home close to what she paid with no success.
Due to some personal problems she was forced to move back into the Baldwin home, but now the fathers of both her children live in Cranberry, Butler county and she needs to relocate back to Butler county.
If she short sales, she ruins her credit and loses all the money she put into the home, and the downpayment and upkeep over last few years.
If she rents she is a single mother of two so could not maintain the property herself and would need outside help for that. Plus not sure what rent will be in that area.
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