Senin, 07 Mei 2012

Q&A: How do I handle a bad real estate investment?

by eyewashdesign: A. Golden
Question by Ben S: How do I handle a bad real estate investment?
I purchased a SECOND home about three years ago. Becasue of the decline in the housing market the home is now appraising at $ 250,000 less than what I paid. If I sold the house now I would have a debtg of over $ 200,000. Right now my mortgage is around $ 2500 with $ 2000 of that going to interest. With no recovery in sight i am going to continue to lose $ 2000 a month in interst on a home that

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