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Updated about 7 years ago on . Most recent reply

User Stats

13
Posts
1
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Wesley Clark
  • West Deptford, NJ
1
Votes |
13
Posts

Basement issues messing up sale

Wesley Clark
  • West Deptford, NJ
Posted
Hello Everyone, So I just got some bad news. I was looking to sell my duplex in Wisconsin. I knew there were some foundation issues and my inspection prior to selling came back as needing hand excavation (proximity to other home) and a price tag of $18k. I owe $135k on the home which sadly given the lack of appreciation (I bought it in 2008) the same amount I could likely sell it for. I have little to no money invested as it was purchased with a VA loan. My new thought is to attempt to refi or try and get a line of credit to do the repair and keep the home. The rents are $750/each - one 3br one 2br and I think they are under market. Would like to hear anyone’s thoughts.

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