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If so, you could collect a monthly payment from the purchaser and add a small to that to make the mortgage payment. The mortgage and title of the home are in my name only, right after the whole realstate bubble popped, my residence has lost value significantly, areas like mine are selling for about $43K to $63K, so I can not refinance to get a decrease payment and possibly rent the place whilst I acquire another spot, we have 1 kid now and strategy to have a lot more, but want a larger spot. This May possibly cause the lender to wait longer before beginning the foreclosure method, purchasing you much more time to be SAVING money.
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