What's Holding Me Back: Lack of savings, knowledge and a thinning hair line, but mostly the first two.Tools at My Disposal: 2-unit house purchased with an FHA loan; Purchase price of $200K (30-year fixed @ 3.25%) $181K remaining $1600/mo mortgage payment with $2400 in rental income Area has appreciated with unreliable Zillow estimates assuming a $230K sales price$87,500/yr salary (take home of approximately $5K/mo)Approx. $20K savings (a reserve I'm loathe to touch)800+ credit scoreVery low monthly debtRight now, my rent in this part of MA is $2100.

If you still can't live off of your remaining income, then accept that your primary residence is your biggest liability and sell that too.

The Essex County Court House is connected to the Veterans building; the clerk gives you directions to get to the office.Once you reach the cashier’s office give them your remaining paper work and pay your fee.

The interest will be renegotiated every 5 years, but the loan amortization will remain fixed at 20 years.  

The dwelling policies were a tad higher than when I was with geico, but its not like I had the option to remain with Geico and the liability coverage also went up which increases premium.

if you can reasonably confirm there is nothing of value that remains.

The practice of “wholesaling” remains legal if these “truth in advertising” rules are adhered to."

My down-payment will satisfy the remaining balance on their current mortgage, which is necessary in this specific case because the bank won't let the owner provide financing without triggering the due-on-sale clause of their agreement.

If he remains in the rental unit after this time period, then she files for the dispossessory as above citing he is now a "holdover" tenant.The other option she might consider is a "cash for keys" deal where she simply pays him some money to go away.Gail

New construction starts remain still well below historical norms, meanwhile the improving economy keeps driving demand - and prices.