Post by alanwalker on Jan 16, 2018 23:54:34 GMT -6
Hi,
He met with realtor this week and its become apparent we wont get out of it what he owes. also, we have good 401K balances but both are structured where we can only take a hardship loan for limited reasons ...one being to avoid forclosure on "primary" residence which this clearly isnt.
We are hoping to get within $10,000 which we could hopefully come up with cash to settle difference. My question is, what if we cant? like if we are taking $20K.
I would appreciated ANY advice or ideas. we are in iowa if that helps. we are also both aware that some options may affect his credit for a good while.
Please help.
Thanks!
I didn't find the right solution from the Internet.
References:
www.zillow.com/advice-thread/In-a-bad-spot-husband-upside-down-on-his-mortgage/666677/
Information Technology Video
He met with realtor this week and its become apparent we wont get out of it what he owes. also, we have good 401K balances but both are structured where we can only take a hardship loan for limited reasons ...one being to avoid forclosure on "primary" residence which this clearly isnt.
We are hoping to get within $10,000 which we could hopefully come up with cash to settle difference. My question is, what if we cant? like if we are taking $20K.
I would appreciated ANY advice or ideas. we are in iowa if that helps. we are also both aware that some options may affect his credit for a good while.
Please help.
Thanks!
I didn't find the right solution from the Internet.
References:
www.zillow.com/advice-thread/In-a-bad-spot-husband-upside-down-on-his-mortgage/666677/
Information Technology Video
