How do I get out of my mortgage? I can't live in this house anymore, need help.?

Question

I need to find a way to get out of my house, I don't feel safe here anymore, two break-ins in a few months. the last one just happened. Even with an alarm they came in the house and took a bunch of stuff, while me and my girlfriend where in the house. I bought this house (my first house) 1 1/2 years ago, my credit wasn't prefect(alot of college debt and some ccard debt), so got in at a high interst rate, but thats not the problem. I have always paid all my bills ontime for awhile, have pretty good credit score(660+) and need to find a way to get out of mortgages.

Some additional notes, based on peoples response. House has a full alarm system, alarm did go off, cops did come.

thanks all for you comments and suggestions.

I have no neighbors(only one house next to mine and it for sale, empty, has been for sale for 6+ months) its a flipped house. Last break-in was via basement window. I do own gun's and was armed 5 seconds after alarm went off.

Answer 1

you will have to sell the house

Answer 2

Get a gun and the next time intruders come in uninvited defend your property with a couple shots to the kneecaps then call the cops you have a leal right to use a gun in your own house to defend you and your family.Call a realtor and put house up for sale do not mention breakins to realtor.When house sells you will be out from under mortgage payments.

Answer 3

Unless everyone else in the same neighborhood is getting robbed also, I think you need to see if you somehow contributed or drew attention to what was in your house.

Did you leave your drapes open, showing off your big plasma tv and sound system? It's a sad fact of life that you can't advertise what you have.

When you purchase expensive items, do you leave the packaging out on recycling day? Drug addicts troll the streets looking for the houses with the new x-box and electronics cartons outside, then wait for people to leave for work.

How are they getting in? Do you need a stronger door or gates on the windows?

Answer 4

You can sell the house and get out.
You can move into an apt. and rent the house (not recommended)
You can install a better alarm system and perhaps get a dog.
You can let the house be foreclosed on, but then you may have to claim it as income on your taxes (go figure..but it is like free money if you don't pay your mortgage)

I know none of these sound like good ideas, but you sound desperate. I wish you luck, dear one.

Answer 5

you get out of a mortgage by paying it off, either on your own or through a sale. there's no other way without utterly destroying your credit. can you rent this house to someone else? can you learn things from neighbors about what's going on and how to fix things?

i undersand the feeling of not feeling safe - we were robbed three times in a house once, and my parents moved as soon as they could.

if you can rent this house to someone else in good conscience, that move could be very good for you financially. the tax preferences for landlords is still amazing.

Answer 6

Put your house on the market and sell it. That is the only way to get out of your mortgage it must be paid off. Sometimes loans are assumable with qualifications not very often though check with your lender and see if yours is.

Answer 7

Your options are 1) Sell it, 2 ) Rent it out, or 3) Stop making the payments and let it be foreclosed on, which will ruin your credit completely.

Answer 8

There are a lot of agencies out there that will buy your house for you and then they resell. You may not get what you want out of it but it is worth it rather than your life. Consult an real estate agent and put the house up for sale.

Answer 9

Hire a real estate agent to sell your house. That is the best way to pay off your mortgage.

Answer 10

the easies way is to sell the house or rent out.