Loans, Debt & Credit - View Single Post

wlang · 09-12-2009, 09:26 PM

i have a meeting with a lawyer on Monday but here is what i have. I owe 340k which i refinanced to get that not a second mortgage but a refinance so i have only one loan, the house is worth 226k per zillow, according to everyone i talk to 12-15 years just to break even. we moved into this house and was suppose to be 5 year house, which it has been. reason to leave is move to the school district our kids go to school. we can make the payment now but at this rate are kids will graduate high school by the time we break even. in a foreclosure are all assets protected like vehicles, etc? What would you do?

09-12-2009, 09:26 PM	#1 (permalink)
wlang Junior Member Join Date: Sep 2009 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	what to do in AZ. i have a meeting with a lawyer on Monday but here is what i have. I owe 340k which i refinanced to get that not a second mortgage but a refinance so i have only one loan, the house is worth 226k per zillow, according to everyone i talk to 12-15 years just to break even. we moved into this house and was suppose to be 5 year house, which it has been. reason to leave is move to the school district our kids go to school. we can make the payment now but at this rate are kids will graduate high school by the time we break even. in a foreclosure are all assets protected like vehicles, etc? What would you do?