Asked by Ohio_bound, 32259 • Sun Apr 11, 2010
I took a new job that is requiring me to relocated from the St. Augustine, FL to Cincinnati, OH.
We just closed on an FHA streamline to get our mortgage down to 5% fixed. The development is still under construction, and the builder has significantly dropped their prices for new construction.
Based on my realtor's estimates, they seem to think I would need about 30K to sit at the closing table or go through a short sale.
So my options seem to be:
1) Short sale
2) Find someone to assume the mortgage
3) Rent it out and buy a place in OH and let the chips fall where they may (short sell the FL house or foreclose).
4) Rent it out for awhile and pray the market turns around (not big on being a landlord)
Advice in this market? What would you do?
Real Estate in Jacksonville
Popular Categories in 32259
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!