foreclosure peak
mortgage help please?
Hi, We purchased a house during the peak in 2006. We paid 319,000 for the home when my spouse and I had large incomes. We put 20% down…. Now my husband got transferred to a city several hours away so we have to move and I don’t have a job. To avoid two mortgages, we are renting in the city my husband was relocated to. Our house is now appraised at 279,000. We owe 237,000 on our mortgage. We live in FL where homes are competing with foreclosure and short sales. Any advice would be appreciated! Thank you so much!!
Thank you so much for pointing this out. My husband asked his HR and the housing program assistance for relocation is not available at this time.
Years ago, companies used to offer appraisal value for your home when they transferred you.
You simply took the appraisal offer – and walked away.
If you could sell it on your own – you got a little bonus of some kind.
Make positive that your company does not offer this.
Ask hubby to re-ask the re-location specialist or the HR department.
Make sure you don’t miss out if this is offered to him.
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