CA 2nd home forclosure
Posted by sade on January 30, 2008 at 13:22:26:
I have a home in California but now live out of state due to a job transfer. I have renters in the house, but take a $1100/month loss between the rent and mortgage payment. I bought the house for $310,000 in 2006 and similar houses in the neighborhood are currently selling for $200,000. I have drianed my savings trying to cover both my current and CA mortgages. With no market recovery in sight, I am begining to think foreclosing on the CA house is the best way to get out of this mess. Any advice would be greatly appreciated. Thanks
Follow Ups:
- Re: CA 2nd home forclosure - Eric 12:12:51 01/31/08
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