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Reply to "selling house to pay off debt?"
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[quote=Anonymous][quote=Anonymous]Selling the house, paying off high interest debt, and gaining a savings cushion they can live off while looking for a new job would be good for them. But that assumes that they can find a cheap rental or somewhere else to live. With no income, it will be hard to find someone to rent to them. I'd advise them to first find a new place to live and then sell. [/quote] No one will rent to them with no income. They will need to sell first and the. Use the proceeds to pay an entire year's rent in advance or some other unusual arrangement.[/quote]
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