I purchased my house in Wolverine Lake,MI just over a year
ago. I had paid $186,000 with no down and closing costs wrapped in.
Currently Zillow has the appraised value at $162,000.
Not to mention that the roof needs replacement and the
water softener is down(community well) and the garage door
opener stopped working.
I can barely afford to keep up with the mortgage with my
pensions. My son lives with me and without his donations
I could not pay the monthly mortgage and related bills.
I can't see replacing the roof and other repairs,I figure about
$15,000. worth with the upside mortgage.
Any advice would be greatly appreciated.
Oh, I did write the bank,Fifth Third, to consider a loan
modification. No answer in three months.