Profile picture for Gene Clements

Gene Clements

Premier AgentTeam

15 Recent Sales (last 12 months)

North ShoreLocal Real Estate Expert (19 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Foreclosure,
Short-Sale

Advice

  • (57 Contributions,
  • 0 Best Answers,
  • 27 Helpful)

Contributions are sorted newest to oldest.

Should I cut and run?

Answer

If you enjoy living in the home and can afford the payments I would stay put markets always go up and down. If you can not afford the home I would contact a local agent about a possible short sale.

  (0)
Apply for FHA with ending Chapter 13

Answer

Your home sounds like n investment property. In this case this may be a good thing since with most lenders you can use a portion of the rents to qualify for the new mortgage . I think you need to talk to you attorney before you fill out any mortgage documents. 

  (0)