Profile picture for user9496178

how to get out of a upside down home?

My fianace bought a land/home package on 1997 or1998. When he puschased it he didn't know a thing about real estate. I feel he was taken advantage of. He owed more than the package was worth at the time of purchase. We about to get married and we need a new home. How can he get rid of this sinking ship.
  • March 02 2013 - Taylors
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Answers (2)

Profile picture for CallTheSisters
You need to know exactly what you owe.  He has been paying on the loan for 15 years.  Even if it was underwater then the remaining balance should be significantly lower.

Have a local Realtor do a CMA for you and determine if you can at least even out of the home.

  • March 02 2013
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Profile picture for RealEstateCrew
Call three different local Realtors and chose the one Realtor with the best options for your family.  
  • March 02 2013
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