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      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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