Loans, Debt & Credit - View Single Post

bgallow138 · 11-25-2008, 10:05 PM

I live in Az and it is a 3rd acre lot approx. The home is financed 80/15. The main loan is ASC and the secondary is Wilshire. These are purchase loans and not refinance. The amount owes is 319K and 59K. Due to the market, the home is probably worth 300K. I am c urrent on all house payments. In Az. I know we are protected if walking away from the house, but is it worth it to loose your home to save a dirt lot??? It sounds crazy. I cant beleive I got into this situation over a dirt lot. I just dont see the lot rebounding in the next 3 years. There area alot of vacant lots where I own mine.

Thanks
Brian

11-25-2008, 10:05 PM	#6 (permalink)
bgallow138 Member Join Date: Nov 2008 Posts: 10 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Hard working family needs advise. I live in Az and it is a 3rd acre lot approx. The home is financed 80/15. The main loan is ASC and the secondary is Wilshire. These are purchase loans and not refinance. The amount owes is 319K and 59K. Due to the market, the home is probably worth 300K. I am c urrent on all house payments. In Az. I know we are protected if walking away from the house, but is it worth it to loose your home to save a dirt lot??? It sounds crazy. I cant beleive I got into this situation over a dirt lot. I just dont see the lot rebounding in the next 3 years. There area alot of vacant lots where I own mine. Thanks Brian