Posted on: 21st Oct, 2013 12:39 am
My property is underwater. What should I do to get rid of this situation?
Hi Sue,
You can sell off the underwater property in order to get rid of it. However, as far as the mortgage is concerned, you will have to pay it off in full as you sell off the property.
Thanks,
Jerry
You can sell off the underwater property in order to get rid of it. However, as far as the mortgage is concerned, you will have to pay it off in full as you sell off the property.
Thanks,
Jerry
Hi Sue!
Welcome to the forums!
Maintaining the property and paying mortgage payments for it may not make much sense. So, as Jerry has said, you should get in touch with a real estate broker and try to sell off the property.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
Maintaining the property and paying mortgage payments for it may not make much sense. So, as Jerry has said, you should get in touch with a real estate broker and try to sell off the property.
Feel free to ask if you've further queries.
Sussane