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Honestly Both....- Just in a dilemma right now......*hugesigh*
No dilemma here. Let it go. Like PP said, youre not going to get the $$ back you put into it for repairs.
Bring the price down to appraised value, sell it amd be done. Otherwise stay above the comps and appraisal and hang onto it or take it off the market completely
Bottom line: You wanna live your life?? Leave it. Lock it up. Move and go rent on a long term lease. You will be able to purchase again, FHA, 2 years after the date of the foreclosure. Use your credit to obtain whatever accounts/car you need in the next 60 days. You really want to pull the trigger on your life instead of the title of this thread, pull the trigger on that.
** And I really don't want to hear it about this post. I've spoken to probably a dozen homeowners since 2006 who have told me very specifically how they wanted to kill themselves, but suicide nullified their life insurance policies, and there would be no net gain for the families they left behind. This is real life.
This is very bad advice, you will NOT be able to qualify for an FHA loan two years after foreclosure.
How are you going to pay the mortgage, title policy, taxes up to date, and 6% to realtors?
You might consider a FSBO sale attempt, noting that you will not pay a buyer's agent, provide prior inspections and appraisals to potential buyers, put as much lipstick as you can on that place, and get out.
Money is nothing compared to time. In the time it took to read this you could have been taking drastic action to GTFO and start living again.
Bottom line: You wanna live your life?? Leave it. Lock it up. Move and go rent on a long term lease. You will be able to purchase again, FHA, 2 years after the date of the foreclosure. Use your credit to obtain whatever accounts/car you need in the next 60 days. You really want to pull the trigger on your life instead of the title of this thread, pull the trigger on that.
** And I really don't want to hear it about this post. I've spoken to probably a dozen homeowners since 2006 who have told me very specifically how they wanted to kill themselves, but suicide nullified their life insurance policies, and there would be no net gain for the families they left behind. This is real life.
Yup, just walk away from your contractual obligations and leave someone else on the hook for your loan. That's the American way.
Have you really sat down and thought about why you're hanging on to the house you don't want? If you'd sold a year ago you could be living in a better area, and maybe bought a house that actually went up in value.
Same as everyone says-just get rid of it and suck it up OR decide the $ is more important and hold on in place for awhile. Poop or get off the pot.
Best wishes
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