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All Forum Posts by: Majawr Muran

Majawr Muran has started 1 posts and replied 1 times.

General Real Estate Investing

Post: Stay or foreclosed

Majawr MuranPosted
  • Homeowner
  • Minneapolis
  • Posts 1
  • Votes 0

I purchased a foreclosed house on zero down payment and %7 interest rate 2 years ago. $ 190k left from my loan.

I need bigger house 4 to 6 BR since the family is 6. I thought to sell the house. However, near and similar houses are sold in 150k.

I do not know what to do. Stay or foreclosed. I can afford for now to pay the mortgage. However, If I continue, the house is small and bad investment in the long term.

If foreclosed, i'm afraid I may not get a landlord who could rent me a house.

What should I do?

Please give advice.

0 Votes