4 Graceful Exit Strategies to Get Out from Under a House You Can’t Afford

options when you can't pay mortgageDon’t let yourself get out from under that house you can’t afford with a belly-flop whose splash keeps you wet for a long time—instead, get out of the soaking pool, dry yourself off, and exit gracefully. Here, we offer four ways to help remain composed and unruffled when you’ve just got to give it up.

Listing through an agent seems so straightforward; nothing could go wrong here, right? Wrong. According to Gracie Weis from Blonde Girl Homebuyers in Jacksonville, an excellent agent might not be able to do anything with your house in less than 3 to 6 months. So, keep in mind how fast your equity may be evaporating with lender fees and interest piling up. If you want to use this option, use it quick and you might come out with some cash.

Some people have enough cash-on-hand and can help you by buying your home, and they’ve figured out ways to make it work for them as a business. These smart folks are called investors. Find the good ones that care enough to get to know you, then, consider selling to the investor. Working with an investor can prove to be a lot quicker than signing … Read More