![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimYc_NbyQFSUgig9J0Tok9PcChIrIam2Fp_aenItQn-F29VHciebwfQLPd06gJ6ervy0Qcg1KpDtFfWMb2cnPW-swkjGE1UY7MNxVyLzS_a9y4dkNZS8VJZ2TWhGMsTotWqVFqR6Kuxgw/s200/ovgrwn-forsalesign.jpg)
What do you do if no one is interested? No offers. No traffic. Nothing.
You need to sell your house vs. You would like to sell your house.
Well, the truth is that there is a price where it would sell. You then become less wealthy by the amount of the loss. What if you can't be less wealthy because you have no money. You owe more than the "it will sell at this" amount to the bank. You just might have to stay there; or you could just leave - let the bank have it.
Some people make a deal with the bank; sell the property and then set up a new loan (unsecured) with the lender. These people might be back to fight another day.
Some decide it just isn't worth it and they punt. These people probably won't be back.
That's how this stuff happens.
No comments:
Post a Comment