A Realtor has a listing where the sellers had to move for job reasons, they purchased another house in the new location, and now can't afford to carry two mortgages.

But, that still doesn't affect the fair market rent....so on the tenant side...no matter where they go...they have to pay rent...so there is no valid argument from them unless they incur damages from an unknown auction date (i.e. out of the blue a bank rep comes up and serves an eviction notice and they are forced out)Whether I go to vendor A or vendor B and buy the same product....the market sets the value...not how much that vendor paid for the product.

If you stay put and can afford the payments (no indication that you can't), there's no credit hit or other negative to worry about.

Putting these assets in the hands of greedy and inept bureaucrats will only cripple and place a boa's stranglehold on moving product to market.

I would be interested to know what banks are offering that loan product.

To stimulate housing, the monthly payments must be made affordable.

As houses appreciate faster than inflation, and therefore, wages, they become less and less affordable.

GSG,Some of my loan products are no doc unsecured LOCs. i would want to speak to you.

If the agent cannot afford to list because of marketing expenses, can they afford to be in the business?

We moved to florida from western NC and bought a house while still trying to sell our old house in NC...Well, it isnt selling.We have been paying both mortgages for several months now, and are bleeding money every month.It is too expensive, we cannot afford to continue doing this.So, we are entertaining lease options.We got an offer of 900 month rent, with 3500 down on 18month term.Our mortgage is 1600 a month as we paid 240K for the house only a couple of years ago.So this will not nearly cover our monthly expenses.