Comments on: Please Help! Equity Line Short Sale Property Tax Question?

By: SuperCactus

SuperCactus — Fri, 15 Jan 2010 08:15:52 +0000

That property is an alligator that is eating you alive. You won’t get a lender to agree to a short sale, in my opinion, but you can try. Dump that thing even if you have to pay someone to take it.

By: Mary B

Mary B — Wed, 13 Jan 2010 09:41:08 +0000

It doesn’t sound like a great investment if you can’t even rent it for a high enough fee to cover the mortgage.

YES, you need to sell the home, before you back yourself up into a foreclosure situation, which is EXACTLY where you are headed.

When you couldn’t rent it to cover ALL of the expenses, PLUS a positive cash flow…that should have told you right there that you couldn’t afford to keep the house and needed to sell.

By: clifford g

clifford g — Tue, 12 Jan 2010 04:52:08 +0000

Verkoop onmiddellijk. Als een investeringsbezit doesn' t de dekking alle kosten, met inbegrip van belastingen, en verlaat u een 15% winst bij de uw aanbetaling, is het een slechte investering. Bijt de kogel, lik uw wonden, en verkoop.