Derek L. asked

⚖️  Law

I own a piece of land in Northern AZ that I purchased in 2005 for $130k, with $85k left on a variable-rate mortgage. The land is now worth about $30k, and I live in SC, struggling to make payments on both the land and my house. I haven't been able to refinance or sell due to market conditions. What are my options?

January 26th, 2024

Matthew H. answered

Given your situation, you have a few options to consider: 1. Short Sale: Attempt to negotiate a shor...

January 26th, 2024

Sign Up to View Full Expert Answers

Create an account to view answers and interact with the community!