On a trip to Las Vegas recently, I found myself parked in front of the "Wheel of Fortune" slot machine. As much as I hate to admit it, I love playing that slot. The only problem is I normally leave with less than I started with. We all know that's how these lavish hotels and casinos were built.
As I sat on the plane on our way home, I realized how many sellers gamble with their largest asset. They sit at the slot machine, making one bad decision after another, falling deeper and deeper in the hole.
If you are struggling to meet you mortgage payments, you need to call a Realtor right away. Don't fall behind in your payments then call for help. Based on the market times required to sell a property, your best option is to call first, don't let pride or embarrassment keep you from making the "right" decision. We are here to help, not to judge. A strong listing agent should be able to assess your situation, and determine if you should sell now or speak with your lender to negotiate your loan terms.