Profile picture for MikePoeppel

can you help me with buying/selling?

We currently own a home that is valued under what we have left to pay on it.  We would like to move to a new home.  We are currently working with a debt consolidation (ClearOne Advantage) to pay off all of our credit cards.  Since we are doing this our credit is low (549-580)  I was wanting some advice on how we could make this work.  What do we need to do to get out of the house that we have and get into something new?
  • May 30 2014 - Hoagland
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Answers (2)

Profile picture for wetdawgs
Are you current and have been current on your mortgage payments?

  • May 30 2014
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Profile picture for San Diego Asset
Too hard to answer you precisely with such limited information.  Why do you want to move?  How is the market in that area?  How much do you owe, and what is the "value" of your home?  How did you arrive at the "value"?  etc.  With that said, sounds like you may want to explore a short sale with your lender's approval, however, you will find it difficult, at best, to purchase a new home, given that, and given your credit situation.  So, short sale and rent until you can repair your credit, or stay where you are until the market improves, are your likely options.  Good luck.  
  • May 30 2014
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