Ready to give house back to bank
We built our dream home in 2006 with the intent to live there forever. Then life happened and my husband was diganosed with cancer. We needed to relocate to be closer to medical care and my job. We have had this place for sale off and on for 3 years. We now have it priced at just above what we owe. Which is $300,000 less than our investment. There has been some interest, but no offers. There are several comps in the area for sale that have not sold in more than 3 years. This is a property set up for horses, so it takes a certain buyer. After more medical bills, we are ready to just see if our bank will do a deed in lieu. Has anyone had experience with these?