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Job Not So Secure |
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We have put down $ 30,000.00 on a house that needs some work and will increase our mortgage payments with $1,000.00 but we find out that my husband's job is not so secure anymore. We are thinking now to walk away from the deposit and rent a brand new house for the same money as our current mortgage. We are also in contract with are current house and we hope the deal will go through. What should we do? Buy the expensive house that needs work or rent for now save some money and buy later....and lose the $ 30,000.00 deposit??? |
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With that much money involved, you should be talking with your own real estate lawyer. There may be some way for you to get out of the purchase without losing your deposit -- see what your attorney says after reading the contract and any other documents you have.
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Edith
Originally published on February 5, 2008 |
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