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[quote=Anonymous]We have a house that we paid 1.25k right before the crash. We owe a little over 1k and our monthly payment is 7,000. (2 mortgages) I'd really like to sell it but we have so little equity that by the time we pay closing costs and realtor fees I feel like we will lose the little money we have in it. Has anyone else been in this situation. I'm thinking we just have to wait a few more years until it appreciates a little more and we get more equity. Would moving to a 850,000/900,000 help if we could? The problem is we probably wouldn't have any down payment because of the closing costs and other fees, or very little.[/quote]
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