I want out of my condo and into a new home. Please advise best way to accomplish
Posted in the Fairfax Forum
#1 Oct 31, 2013
I want out of my condo and into a new home. Please advise best way to accomplish.?I have a condo I've been in since 1998. Like many, I'm upside down. I owe about 130k and it's worth MAYBE 60k. I've never been late 30 days on it. I make about 70k/yr and my payment is about $670/mo now as I did qualify for a remod last year which brought int.rate down to 4.37% over 40 years so brought payment down.
I really want out and into a new home. I can't rent in my community because of the cap they've reached. So now I either have to qualify for 2nd home with my income which I may be able to do OR short sale the condo but I'd rather not have to wait another 2-3 years to repurchase.
Other pertinent info:
I have VA certificate which I'm currently NOT using on current property.
I have BK that will fall off my credit report in October of this year.
On CCCS to alleviate credit card debt and will be through with that within 6-12 mo.
Credit clean other than that.
With Wells Fargo on current mortgage. I don't have a 2nd. Only a first.
Thanks for your knowledge if you can share.
Add your comments below
|Lackluster Doctors||4 hr||kilamfihsak||1|
|Vienna Music Forum (Nov '12)||8 hr||Musikologist||12|
|Bluegrass and Old-Time Jamboree slated Nov. 15 ...||Tue||Baba1||2|
|Springfield Music Thread (Apr '14)||Nov 5||Musikologist||2|
|Fairfax County Police Officers Cleared in Sept....||Nov 4||Yup||1|
|Teaparty Taliban Meeting and Grab Dance||Oct '14||Foustian deal||2|
|Fairfax Music Thread (Dec '13)||Oct '14||Musikologist||6|
Find what you want!
Search Fairfax Forum Now
Copyright © 2014 Topix LLC