Is it distressing to think that you got a problem in your house? A lot of people now, in these worst of times, carry a burden of how to save their house and avoiding foreclosure. Like me, I have gone through all these bad times and right now, to assure you, I could possibly help you in your problem.
I bought the lot that we have now about three years ago and we thought that it was the best price ever at that time. At that time, we paid what we thought was a decent price because it was not too much at that time.
We put as much as we could in the down payment, We paid like $5000 down, but could not pay more until we sold our old house. This is the second house we have owned.
The house we had we sold and made probably around 7 or 8 thousand on it as we bought it maybe five years before this one. We sold it about four months after we bought this one.
I thought at the time we were doing really well, here we were in the house of our dreams. We bought new appliances and mostly new furniture when we first sold our old home, for our newly bought home now.
At about this time the economy started to turn bad and one thing led to another, and all of a sudden the cushion of 3 to 4 hundred dollars per month that we were able to save started to dry up as I started to get less and less hours at work.
Yes we still had maybe four thousand dollars in savings, fat chance of that getting us through, as during the fall of 2008, the company I worked for went belly up and here I am without a job. My wife is still working but is only about a third of what we need monthly.
We came up with the idea of selling the house and rent somewhere to a cheap place until things will back up. It is just so funny to think about it, sell it to whom? For how much?
We purchased the place $95000.00 and financed about $89000.00, but then we got to checking with a realtor friend and the value now is right around $72000.00 tops would be $76000.00, so now what do we do?
We cannot afford the payments any more. It is very impossible to sell the place because we owe about $88000.00 and we can get at best 76000.00 so really what do we do?
Then I talked to a guy about it and said that I might possibly find an investor who could really give us the idea of what we are planning to our house.
Author Resource:
If you are like a lot of other folks we have become acquainted with, you are close to facing foreclosure, and at the same time it is going to ruin your credit for years. What you need to do is visit the Jim Woodall website "HOW TO SELL YOUR HOUSE". Get a copy of the FREE ebook he has for you there at no charge, it can help you a lot. CLICK HERE ====> http://howtosellyourhouse.jwoodl.com
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