I know a family, which I’ll call Todd and Jill Merrill. During the economic downturn of 2008-2009, Todd lost his job, and the family decided they needed to move. When they prepared to sell their home, they discovered, like many others, that the value of their house was less than the money they owed on it.
The Merrill’s have done their best to move on and rebuild their lives. Although they lost money on their last home, their goal is to buy another in about a year. If you’re coming out of a similar situation, and looking to buy another home, realtor Richard Martinez addresses common questions you may find helpful.
Talking with my friends and calling on my own observations, here are a few strategies that can help anyone like the Merrill’s reach their goals much faster. Continue reading →