Asked by Wiland, 54702 • Wed May 18, 2011
We are not one of those 'buy and bail' stories. We had to relocate because of my husband's job 6 months ago. We were able to qualify to buy another home to live in - we actually downsized - and although we knew it would be tight, we figured we could get by until the old house sold. We've continually been told the price on our old house was too high, so we've been doing price reductions. Still nothing. I lost my job last month due to circumstances beyond my control. We can no longer afford both mortgages. Will we be able to do a short-sale on our old house, and will it affect our new home?
A few more details: We have a 1st mortgage on the old house and a HELOC. We believe we will be able to sell for enough to cover the 1st, just not the 2nd. We are more than willing to live up to our obligation to continue paying on our HELOC. Will they work this out with us? It is w/ PNC Bank, which I've hear they are diffictult to work with. Is this going to sink us?
Real Estate in Eau Claire
Popular Categories in 54702
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!