@Mark Updegraff - What you are referring to is the Soft Second Mortgage program available through the city of New Orleans.

There are however several other factors to consider including the area, condition, and potential appreciation although this should not be heavily weighted.

Jennifer,Yes, you will be required to file a tax return due to the amount of income you earned regardless of what the net income may be.You should file it regardless of profit or loss to ensure you start the statute of limitations for audit.

We just need to unload and accept our losses.

I appreciate any and all help.Along with this, can anyone explain the FM Homepath Program briefly to me?

Can anyone give me any info on where I can find Fannie Mae lenders so that I may approach & ask questions to gain an understanding of the program?

@Jorge C.I never found the list, but I was able to recover off my old podcast program.

Seems I read somewhere PMI will drop off at 75%, may be unique to a program.

One of my hesitations about going full time, among other things, is the loss of our health insurance.

Would I be better off reading up a lot and starting my business after college make more sense, than perhaps getting involved in an MBA program?