With today’s current economy many Real Estate investments that were made in the past are now upside down. I am not trying to give you the doom and gloom of our economy and what has happened over the past couple of years regarding the value of your investment. But it is going to be some time before the market corrects itself.
You are not alone in this situation most Americans are facing the financial decision of what to do with their homes. Ignoring the situation will not bring it to an end. You need to contact your lender and see what options that you have, some people have lost their jobs or are having to relocate to find a new one and are in situations that make it seem impossible to sell their current home for what is owed on it.
See what options that your lender has to offer. There are loan modification and loss Mitigation departments to assist. It is very frustrating when you feel that you are up against the wall. This is where you need to also seek legal advice or call your professional Real Estate agent to assist you on what options there are that best meet your needs.
There is always a solution to every problem and if you are willing to seek professional advice you can eventually put it all behind you.