have excellent credit, would like to keep it or minimize damage to it, but have to lose house, can't afford to keep it and residence at new job.
2006-10-04 09:08:06 · 15 answers · asked by ROGER 78 1 in Business & Finance ➔ Personal Finance
Rent it (craigslist.org)
2006-10-04 09:10:14 · answer #1 · answered by curious1223 3 · 1⤊ 0⤋
Use a realtor to lease it out for you. Many realtors charge a low flat fee to market the house and lease it out for you. This way you keep the house, make money on it, and use it as part of your income towards the purchase of your new home. This is a great way to build your portfolio! Never sell your real estate property if you don't have too.
2006-10-04 09:11:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Oh boy. Why can't you sell it? Can you keep it and rent it out?
Selling it or keeping it are your only options unless you want to trash your credit. You need to figure out how to make it work. I have a bad feeling we're going to be hearing this a lot over the next few years.
Good luck!
2006-10-04 09:11:24 · answer #3 · answered by personal_finance_101 3 · 0⤊ 0⤋
Maybe try leasing it? You didn't say why you can't sell it, but maybe a lease with an option to buy?? Maybe find a management company to take over all the business aspects of renting/leasing so you don't have to worry about it, just put the management companys fees in with the lease amount each month!
2006-10-04 09:13:15 · answer #4 · answered by shexxybiotch 1 · 0⤊ 0⤋
First, they are going to locate out whilst the tests quit coming that he misplaced his job. And all employers are required to tell the youngster help place of work whilst somebody no longer works for them interior of each week or 2 of that workers final day. the time-physique relies upon on your state. So even nonetheless he's meant to tell them, they are going to locate out quickly sufficient. All of this time that he's not making the funds on his very own, it rather is racking up as returned help. in the beginning up they are going to deliver him some effective letters. Then they are going to notify the IRS after his returned stability hits $500, and tell the IRS that once tax time comes, they could intercept his tax refund and deliver it to the youngster help. Then they are going to droop his driving force's license & the different proffesional licenses that he holds. After his returned stability hit's a grand, they are going to placed it onto his credit document & placed a lien on any assets in his call (motor vehicle, domicile and so on). they are going to save him from getting passport. next they are going to bypass after his financial business enterprise money owed. Any financial business enterprise account that has his call on that's going to likely be frozen and siezed. And finally if none of that works, penal complex. His DL will stay suspended until he gets the returned help paid off. And none of those strikes will forgive the returned help. in basic terms because of the fact he's jobless isn't an excuse. returned help in basic terms is going away once you pay it. So in the event that they get funds from his taxes or financial business enterprise account, or sell his motor vehicle out from below him and get funds, which would be credited in the direction of the returned stability, yet each month that's nonetheless racking up.
2016-12-26 09:41:48 · answer #5 · answered by melvina 3 · 0⤊ 0⤋
You can rent it out but please screen tenants well and make sure you can cover you mortgage. It is an excellant way to pay off your mortgage. If you can not do this you see who will buy it right now and try to recoop what you can. Investors like myself are looking for just the right properties and can help out a person who needs to sell. Check with ERA realty as they buy homes that they can not sell.
2006-10-04 09:17:01 · answer #6 · answered by Nevada Pokerqueen 6 · 0⤊ 0⤋
Can you rent it on a month-to-month basis.
Make sure you have a Lease signed.
Use rental income to defray your lodging costs.
You will get tax breaks because you will be effectively running an income property.
Seek legal and tax advice.
2006-10-04 09:14:26 · answer #7 · answered by Smilin' Fred 4 · 0⤊ 0⤋
i would say rent it out..but i wouldnt advise it....but if ya need to sell it fast......try the auction block.....ive done this in the past....may lose money but....may gain.......may try and sell it on a contract ....that maybe your best beat....youll have a income to pay the morgage .plus they are reliable for the house....but really if ya dont want the head aches, put it on the auction block
2006-10-04 09:19:33 · answer #8 · answered by jdog44442003 3 · 0⤊ 0⤋
Have you thought about renting it out? There is a lot of options in that area! If you don't want to deal with that yourself you can get a property manager in your area! If you don't know one let me know I can find one for you! We have many agents that can help you!
KayleenG
2006-10-04 09:22:19 · answer #9 · answered by azremaxpro8 1 · 0⤊ 0⤋
If U have family, Rent, Try to sell ASAP, I see billboards in KC, MO "WE BUY HOUSES", try research for something similar...
Good LUCK!
2006-10-04 09:15:48 · answer #10 · answered by ***BEEN THERE, DONE THAT!!!*** 4 · 0⤊ 0⤋
A realtor would be very happy to rent it out for you...although if you own it, I am not sure why you can't sell it...
2006-10-04 09:16:48 · answer #11 · answered by fairly smart 7 · 0⤊ 0⤋