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Out of state owner needs guidance in upside down home with 2 lenders.


Hi Cheri, I had a question. I own a home in FL but had to move out of state for work 3 years ago. After no luck selling for 18 months (sad) we put the house out for a rental. Since our 2 mortgages are still more than what we are renting for, we really want to get rid of the house but don't have enough savings to pay the entire 2 mortgages off. Is the first step really to just find a realtor and find someone willing to buy it cheap THEN we talk to the lenders? Thanks

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Cheri Schultz says

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VA Home Loan Info says

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6 years ago