moving up: Have You Considered A Lease To Move Up?
- 04/21/11 05:00 AM
In Metro Atlanta, home prices are at record lows. Many homeowners are missing the boat on buying these deals because it would be difficult to qualify for a new mortgage when they currently have a mortgage. They cannot sell their home outright because the home is upside down, meaning they owe more than the home is worth. If they sell via short sale, they will have to wait a few years to buy again (there is an exception, but it is rare). I was inspired to write this post because of a client I recently had the pleasure of working with. … (4 comments)
In Metro Atlanta, home prices are at record lows. Many homeowners are missing the boat on buying these deals because it would be difficult to qualify for a new mortgage when they currently have a mortgage. They cannot sell their home outright because the home is upside down, meaning they owe more than the home is worth. If they sell via short sale, they will have to wait a few years to buy again (there is an exception, but it is rare).
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