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      — In Budget101_@yahoogroups.com, “nowurcooking75”

      wrote:

      >Hi.

      I really don’t have a lot of advice to offer, but to just say I

      feel your pain. We moved almost a year ago and our house has been

      on the market. We finally just got a buyer for it. My prayers are

      with you! I know how stressful it it to keep up a mortage and and

      pay for another place to live. Hang in there!!

      Susan

      > My son and I reside in Ohio. I own a house (actually the mortgage

      > companies do) that currently has two up to date mortgages on it for

      > almost 10 years now. I’ve been trying to sell the house for almost

      a

      > year now and so far have had no luck. I do have a realtor, done

      open

      > many open houses, and over 20 showings. I am working my butt off

      > trying to sell this house with my agent.

      >

      > My insurer, State Farm, has decided to cancel my coverage due to

      the

      > home being vacant. I have to find coverage for the house before the

      > middle of September. I’m not sure what way to go. I’m sure the

      lenders

      > will try to obtain coverage for my home at an expensive price. I’m

      > hoping to get it sold within the next year. I can’t refinance

      because

      > of my income I’ve been through 3 layoffs in 2 1/2 years with

      another

      > one possibly coming next month. I have kept up to date on my bills

      in

      > spite of all of this. It’s eaten up all of my savings to do it.

      >

      > To rent it out, I would have to get a pretty good rental rate just

      to

      > cover the two mortgages. The good news is I owe below market value.

      > I’ve lowered the asking price $7,000 since May but I still need to

      > make enough to cover the sales commission and other charges. Every

      > time I turn around the agent makes suggestions for more

      improvements

      > to help it sell which I don’t have the money or the time to do. I

      have

      > contacted private investors and they said that they were looking

      for

      > smaller, closer to jobs, and more energy efficient houses. So no

      luck

      > there. I am really at the end of my rope. Sometimes, I think maybe

      I

      > should go for “short sale” or consider foreclosure. This house is

      > costing me nearly 2 checks a month in payments and utilities since

      I’m

      > making less money at my job because of cutbacks.

      >

      > Anybody else have any experiences with this? Insurance company

      > suggestions? Any advise would be appreciated.

      >

      > Thanks,

      >

      > Holly in OH

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