I live in a former top 100 towns of the USA. The last 3 years have shown increase decline in education with increase in crime. I would like to move!
I can afford my current loan, however given comprables values my home just over 80k less then the principle amount of my mortgage. I don't have 80k in assets. I want my kids to have a decent education and have already placed feelers for other homes in areas with better education. How do I get out of this mess? Several homes in my area have been foreclosed and one house down the block has been sitting vacant for 2 years now. I am concerned.
What by laws are in place in NJ to protect me or the lender that I should be concerned with?
What is the best next step?
Concerned in NJ