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I recently received orders and have to move, how can I sell without loosing so much in this market?

Owe:$370,000
Appraised:$196,000
  • January 15 2009 - Marysville
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Answers (1)

honestly? you probably can't. Your options are:
1. sell at market price, pay the difference to the bank.
2. try to get the bank to agree to a short sale.
3. try to get the bank to accept deed in lieu of foreclosure
4. don't pay the bank, let them foreclose.
5. rent it out, keep paying for it.

I'm sorry for your predicament, but those are your honest options. Speak with a local realtor, local attorney specializing in real estate law, taxes etc. before making any decision.
  • January 15 2009
  • 1Yes

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