All Forum Posts by: Michael Curran

I am in Rockland and found one down here.  Did you attend the meet up in Orange?

See and hear about people meeting in the forum and on the podcast.  New so not sure if I have missed any local ones or if there even is any in the Lower Hudson Valley (New York).

Thanks everyone who took the time to send some advice my way.  I don't think I am going to be rushing into a short sale with out some careful consideration.  Its not putting me in the poor house and I'm still stashing some money away to purchase and investment property and don't want a damaed crdit score when that time comes.

We owe about 300,000 on it comps are around 225,000.  Its a single family 2 bedroom ranch 1000 sqft on less then a quarter acre of property.  We are getting 2000 a month in rent tenants cover utilities except for garbage, water, lawn care and snow removal.  Comps in the area are actually renting for a little less.  The mortgage is 2900 and we also refinanced under the HARP act to lower the interest rates a bit. 

Just wanted to see what some people who have been in the business for a while have to say about my situation.  My brother and I brought a house together in 2007.  I feel like we finished signing on the last dotted line and the market fell apart. Since, we have both married and purchased our own personal residence.  It is rented out but we both have to come out of pocket about 450.00 a month.  As long as it is rented we have just rolled with the punch's but we have thrown around the ideas of short sailing it but both of us have good credit and don't want to jeopardize that or take the chance of having leans put on our house.  We know there probably not a lot of options but just figured I would put it out there and see what kind of advice is out there.