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To short or or not

Posted by Joe skidmore on January 21, 2013 at 5:42am in Short Sale Discussions
I'm stuck and can't get a unbiased opinion. I bought my condo for 260000' I owe 180000. I can make payments but don't know if it's in my best interest to stay or just "reset". Originally wanted to hold for a couple of years and either sell or rent it as an investment. Any advice would be greatly appreciated!

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Replies

  • Dianna MacLaren, GRI, SFR January 22, 2013 at 8:12am

    Depending on where your condo is located and its current value, you may want to wait it out and see what the value is in a few years.  Here in Orlando the market has been steadily increasing since it tanked 2 years ago.  Like Brian said, who know what the future holds!   Renting it out is not a bad idea either if you feel you're not stylin' anymore. :)

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