Quote:
Originally Posted by bizaro86
That's only a good deal if you can afford to cover getting the mortgage down to the 50k. If you have a $400,000 house with a $300,000 mortgage on it, you'd need some serious $$$ to be able to sell at that price.
For some of those who bought during the boom with 0/5% down, trading up isn't an option.
|
Yuppers - For me it'll involve renting out the current place when buying the trade up place and riding it out until some value comes back for an easier sale. Or an indefinite hang on.
