Skip to content
Real Estate Deal Analysis & Advice

User Stats

4
Posts
0
Votes
Sean Reynolds
  • Real Estate Investor
  • new orleans, LA
0
Votes |
4
Posts

should I take the loss

Sean Reynolds
  • Real Estate Investor
  • new orleans, LA
Posted Jul 5 2013, 16:53

Divorce finalized. Niether of us live in the house. It is rented, but the rent is not covering the note or any repairs that come up. Upside down on the house, and at a terrible interest rate. WHat should I do? Sell the house and take the loss. SHort sale. Walk away? I do not want to walk away from the house, but my ex wants to. She is not helping out with repairs or covering the loss. Please give me some advice. I do not want my credit ruined and want to buy another house in near future.

Loading replies...