Feb
02
How can you sale a house quick to get out of a really bad neighborhood?
ByMy parents have lived in a house for more than 23 years and the neighborhood has really went down south. I truly worry about their safety. What can be done to get out of a house, that would be very hard to sale due to shady neighbors and in an area that police come frequently. They have 2 mortgages on their home and can pay for their monthly payments so would a short sale even be an option? Please help, any advice would be greatly appreciated, thanks.
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2 Comments
February 2nd, 2010 at 10:15 am
trade the equity in the home for one where you wan to live;
its called a 1031. I can help set it up.
February 2nd, 2010 at 6:20 pm
They would probably never get 2 banks to agree on a short sale, so don’t count that as an option.
Only thing they can do is try to sell the place, or move and rent it out.