jd2005
Established Member
Joined: Mar 15, 2011 14:16:37 GMT -5
Posts: 411
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Post by jd2005 on Apr 27, 2011 8:11:48 GMT -5
No question here, just a cathartic uhg!
I started the process of short selling my house. I was laid off last December, and was lucky enough to find a job...on the other coast. I have been commuting (read - living on a friend's couch) to my new city (a HCOL area), but just signed a lease for my own 1 bedroom place in June.
My house, which I would have stayed in had I not been laid off, has lost 63% of its value since I bought it in 2006, and I currently 60% underwater. My mom, who is in real estate, was told by her firm that the market where my old house is is projected to recover in 2032!
UGH!
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busymom
Distinguished Associate
Why is the rum always gone? Oh...that's why.
Joined: Dec 25, 2010 21:09:36 GMT -5
Posts: 28,416
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Post by busymom on Apr 27, 2011 8:17:49 GMT -5
Best of luck on the short sale! I've noticed here this spring that 2 houses in my neighborhood have sold (nothing has been moving around here in awhile), so hopefully the real estate market is picking up some steam.  |
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zibazinski
Community Leader
Joined: Dec 24, 2010 16:12:50 GMT -5
Posts: 47,868 
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Post by zibazinski on Apr 27, 2011 8:45:51 GMT -5
I'm hoping mine sells. I don't want to rent it out because I don't want it trashed. It's a family home so it will be rented by a family. Right now it is rented by an adult couple with no pets but they want to move because of no work.
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