Southwest Foreclosures
Save a house from foreclosure or try to sell?
Long story short: I’m mired in student loan debt and I’m 5 months behind on my mortgage. I’m trying to get my ducks in a row and I’m meeting with a credit counselor and all that jazz. My basic question is this: my house is definitely a fixer-upper and wouldn’t be worth much. I live in southwest Ohio and everyone I know has had TONS of problems trying to sell their houses. No one is buying good houses that don’t need work let alone places like mine. Should I just file bankruptcy and try to get out of the house (I know what this would do to my credit, trust me) or should I still try to sell? My family has outgrown the house and we’re just miserable here, but I’m just not sure what to do.
And please remember the cardinal rule: If you can’t say anything nice, please refrain from saying anything at all.
Any help, especially stories of experience, would be helpful.
I’m from Ohio, so I definitely know that selling is tough right now. A house is just a house, and if you’re in over your head you should probably sell it and start over. As far as I know, you cannot file bankruptcy on student loans.
If you decide to sell, you can advertise the property on my site FREE, and there are a lot of other sites you can advertise as well. I know a lot of real estate agents too that might be able to help you sell it, and could help you negotiate selling it short sale. If you are that far behind on your mortgage, you’re running out of time to sell honestly you need to make your decision quickly.
Here is where you can post the house, good luck to you, e-mail me with any questions:
http://www.brokershawna.com/Open-Realty
SW Florida Daily Tour of Homes & Foreclosures 8-17-2011.mov
