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re: Got an offer on my house....but below value of mortgage balance, feedback needed

Posted on 10/7/11 at 11:33 am to
Posted by ItNeverRains
37069
Member since Oct 2007
25886 posts
Posted on 10/7/11 at 11:33 am to
Not that it doesn't suck to lose 5-10k, but if it makes you feel better, I have a condo listed for a guy who paid 360k in 2008. We are asking 240k for it and it's been on the market almost a year.
Posted by TexasHog22
I LOVE LSU!!!
Member since Aug 2011
170 posts
Posted on 10/7/11 at 11:34 am to
Go on vacation and have your buddy burn it down, collect the insurance.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 10/7/11 at 11:55 am to
quote:

We are asking 240k for it and it's been on the market almost a year.


Why hasn't the price been lowered and/or been converted into a short sale?
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