Skip to main content
No photo

Eugene Smith’s Answers

1 total

  • Don't know what to do about the house I already own

    Please help! I am do not know hwat to do. I bought my house and took a 2nd mortgage out when the market was good and before I met my wife. It has been 8 yrs since then and I am now married with 2 kids. I owe around 113,000 and my house is wort...

    Eugene’s Answer

    Options include renting the property if the rental can cover the mortgage, taxes, insurance, etc., trying to negotiate a short sale or enduring a foreclosure with all its negatives. You will likely not qualify for a modification since it will not be your principal residence any more.

    See question