My wife talked to our real estate broker about listing our house in Norcal. We have used him 3 or 4 times since 1980. He said the value of houses in our area has dropped nearly 50% and you need at least $50K in remaining equity after payoffs to mortgages to cover sales expenses. If you don't meet those requirements and you want to leave your house; either rent it or walk!
Me thinks the Feds need a bunch of more bucks to cover this mess -
.
__________________
Da Chicago So Side; The Village of Park Forest, IL; 3/7 Cav, 3rd Inf Div, Schweinfurt, Ger 65-66; MACV J12 Saigon 66-67; San Leandro, Hayward & Union City, CA (San Francisco East Bay Area) GO DUBS ! (aka W's)
Last edited by chuckinca; 04-24-2009 at 03:47 PM.
|