“I own a house in 92130 across from highly rated elementary school. 3 bedrooms + loft. Bought in Sept 2005 for 750,000. 40,000 down, 600,000 in interest only loan fixed for 10 years and 112,000 in adjustable home equity loan.
My husband wants out of California? Should we try to sell before it gets too late?”
It’s already too late to leave without taking a loss. Sell the damn place and mitigate the damage. But there will be damage.
BTW, you don’t own a house. The bank does. You own a mortgage for a house you probably can’t afford.
