|
||||
| | ||||
Posted by Wendy on April 18, 2002 at 00:04:59:
My husband and I are moving to another state. Our home has been for sale for 6months already. The market value in our town is horrible! We owe $136k onthe 1st and 15k on the 2nd. We haven't been able to pay the 2nd on time and are a month behind, the first is somewhat current (we didn't pay april), but we plan on paying for may. We also plan on leaving in May. There isn't much opportunity to rent here-not enough to cover mtg anyway. What happens if we let it go? Can we ever buy another house? We have it listed with a realtor what happens if they sell it during foreclosure proceedings? What happens if they don't receive enough to pay 1st and 2nd mtg? Do they garnish our taxes or wages? So many jobs check your credit history that it's almost impossible to find a decent job because our credit is going downhill. ANy suggestions????
