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Best way to get out of a Chicago home I no longer want, and I'm under water with the mortgage?

Asked over 2 years ago - Chicago, IL

I have a chicago home worth 160K according to Zillow, with a 1st mort of 209.3K & 2nd of 28.5K. I'm single(divorced) and live in this home. I am 55 Y.O.
The P&I+Escrow is over 50% of my take home pay. I cannot save any $ and I am selling assets to make ends meet.
I have no real savings. just 401K from work.
I don't want the house.
I can move in with someone, or rent something cheaper and live just fine.
I am very open minded about my options.
Will listen to everyone and anyone.
Calls I make from referrals go nowhere. why can't anyone help me?

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Attorney answers (1)

Andrew Pavlinski

Reputation Level 12

Answered over 2 years ago. Foreclosure Attorney in Chicago, IL.

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Unfortunately, you are experiencing the same problem many others are. You have a number of options, but the first step is contacting the bank or an attorney to discuss the matter to find a way to work out this situation. I am not sure whom you are speaking with from your referrals. Feel free to email me directly to discuss this further.

This response is informational only and is not legal advice. Further, this response does not establish an attorney/ client relationship.

Pavlinski & Associates PC

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