I've been asked to relocate to NY for an opportunity that I really want to accept, but the problem is that I only purchased my condo a year ago, and value has declined by $60,000 already. If I put the condo on the market, it would have to be a short sell, but I don't think the bank will accept such a big difference. What other options do I have other than foreclosure? I don't want to pay two mortgages, especially for one that I'm not living in. I'm eager to hear what can be done for situation like this. Thanks.
2007-12-27
17:09:06
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5 answers
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asked by
J Y
1
in
Renting & Real Estate