Unless the buyer is willing to purchase your home for the mortgage balance of $190,000 in addition to paying title and seller fees that are incurred when a property owner sells a property you don't have many options if any at all. Of course if you have a second property that has equity you can borrow against to obtain the cash you need to close or simply take out a personal loan.
I suggest you speak with a Realtor if you don't already have one better yet if you do I'd still speak with a real estate professional. Selling a home is a huge undertaking and involves more than you may have planned for. As a professional, an experienced and knowledgeable real estate agent, can help you with what works best and what doesn't work so well when selling your home, such as,
- provide a seller's net sheet of anticipated cost to help determine the selling price
- provide an objective, fair analysis of your property
- make recommendations to enhance its saleability
- increase your market exposure
- and much more!
Your only option may be to do a short sale or take it off the market altogether if it can't command a sales price to cover your cost.
For more information or to speak with one of our Realtors who specialize in working with foreign nationals give us a call at 786-704-8482 or contact us at OnePlaceOpenHouse
When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Miami Best Real Estate Team, 786-704-8482 www.OnePlaceOpenHouse.com