Profile picture for hidetra

Under water help

My house is financed for 151,000 and only worth 71,000
  • September 27 2010 - Holly
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (5)

Profile picture for sunnyview
Ms. Butler, people including me have asked you to explain this magical "lease" program. The only information that I can find that is even close to what you have described in the past is a scam that does not benefit the homeowner at all. Would you please explain your program. Maybe it is different.
  • September 27 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

You can always do a lease program - They are awesome!
Stay in your home and have your mortgage principle reduced.  In your price range these programs work absolute wonders.
Sincerely,
Celia
  • September 27 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Google [ underwater help ].

Read, learn and contemplate what is best for you and your family.

Understand how many years it could be until you are break even on your home.

Understand how a short sale or strategic default will affect your credit.

You can learn a lot on the internet. Only you can determine the best thing to do. Understanding your options is key. And most of all, don't let any lender or collector bully you into a situation you don't want to be in.

 Life goes on... stay the course... you are not alone

  • September 27 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

You're definitely not alone! In reality, though, "paper" value only matters if you need to sell soon. If not, it's your HOME and, as long as you can afford the monthly payments you're ok.
  • September 27 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

If you do not have to sell, i would stay put until thinks turn around, you can contact your bank , ask for home retention department and ask if they can offer you any assistance. if you are facing a financial hardship and need to sell, then ask them to complete a short sal where they can reduce what you owe.
  • September 27 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.