Should I continue renting as is, try to sell, refinance or h
I am co-owner on 2 seperate homes. Home #1 in Virginia we owe $77000 @ 6%, $700 monthly mortgage and renting for $850 monthly $85 to property manager...Equity is not 100% clear but high $194,000 to low 174,000 according to ditech.comHome#2 in Florida we owe $64,000 at 7.25% ex-wife lives there and paying mortgage $700 Equity $134000 - 154000 according to ditech eappraisal.i am sure the ditech #'s are not really accurate, but would like to know what I should do for the time being as I am strapped for cash in general. 7000 in credit card debt and 9000 in auto loans. and monthly bills gas electric etc hindering my spending ability and possibility to purchase a home here in california at a great price and rate in the net 6 months. Help please. D
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(Source: mortgagefit.com)
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