Anthony R
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Get three agents round to value the property and then get it on the market. If the value is not enough to clear debts try and remortgage but over a longer period dependant upon your age you could have a 30 year mortgage and that way the payments would be lower and don't feel bad as you will still have a house which is the best investment you can hold. |
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loopy
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sell and move on.................. |
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bigfella
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Go and see a solicitor to find out were you stand. If you sell and make a profit, will he want some. If you pay off the debts he walks away with no debts and you end up with them all. That don't sound so good to me. |
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lily
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best to try and sell then move on, that way you can start again. the sell and rent companies are not regulated and it is hard to tell which are the genuine ones ( the ones which let you rent your old property so you don't have to move till you're ready.) |
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J. Philip Real Estate
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If you cannot afford the new payment, you'll be best to sell and move on rather than refinance.
If the condition of the home and it's value do not allow you to get what you need to cover the liens, you'll have to list it with a broker who is experienced in short sales, or come up with the difference in cash.
You'll have to work together on that, since he's on the mortgage as well.
The broker you hire will make all the difference. You need a full time, experienced agent with a proven track record and references. Depending on where you live, you may also need those same qualities in an attorney who is also familiar with short sales.
Stop spending money on the house- you won't get it back. Tidy it up as best you can, list it "as is" and price it as competitively as you are able.
If you auction, set a reserve price high enough to cover your obligations so you are forced to sell for less than what you need.
Good luck |
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great_warrior2007
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Put it up for auction. It will sell quickly. Although u make a little bit of a loss it but at least u dont have to wait around waiting to sell it and continue paying mortgage on it. |
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John H
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See if remortgaging the house on a longer deal or possibly interest only mortgage would allow you to keep the house..... this should help you with your mortgage payments.
Also see a solicitor - the loans are in joint names, he is legally oblidged to pay half!! You can usually get 30 mins free advise with a good solicitor!!
Good luck!!! |
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Mrs HarleyBrat
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get a Realtor - list it - and move on - sounds like otherwise you'd get the house (thru a refi) and lose it later - |
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Kam P
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sell i think - but i advise u to see a lawyer..if un uk - see alawyer in croydon they are very good! |
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Doctor Deth
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sell and move on - unmarried people shouldn;t buy real estate to begin with |
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