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I need some legal advise on how to let go of a underwater house. There is no equity on the house and the value is lower than what I owe. I bought the house with my ex 6 years ago but we broke up. I am soon to be a mom (in 2 mo) and financially I can't afford to pay the mortgage on my own. I thought about the short sale option but I don't want my credit to get ding because this is going to be hard for me to rent a place for me and my child.I don't know where to start and it is stressing me out. :(MBP
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We are very aware that every customer is unique, so I take the time to custom tailor my approach to each client's unique requirements. When you are ready to make your next move, put my experience, upbeat attitude and motivation to work for you. Short sales are one of the hardest things and hard thing for homeowners to do.
Try not to stress out, it isn't worth it. It seems like a lot but in comparison to your kids it isn't all that bad.Call a local agent and have them work with you. Ask them to do some research and see what homes are renting for in your area. You may find you have a great monthly cash flow. The rental market has gone up and the demand is high because the housing market is not so good.Best of luck!
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