Every economy might be measure as it’s opened for the foreigners – entrepreneurs, investors and businessmen. Asian region represents the future of all major investments due to the strong consumption demand. It’s a tremendous purchasing strength raising one of the best chance to start your own business. Hong Kong and Singapore are rewarded as the world cities with the best access for foreigners. If you want to start your own company, it might take you just a few minutes. The process of company formation in Hong Kong might take just a few hours in order to get your company ready. It’s just a mater of your decision. Hong Kong company registration is done all online, you don’t have to travel to the particular jurisdiction (in our case HK). The hong kong company law is based at the company act dated many years ago as the “guide” for better venture!Hi, We purchased a house during the peak in 2006. We paid 319,000 for the home when my spouse and I had large incomes. We put 20% down…. Now my husband got transferred to a city several hours away so we have to move and I don’t have a job. To avoid two mortgages, we are renting in the city my husband was relocated to. Our house is now appraised at 279,000. We owe 237,000 on our mortgage. We live in FL where homes are competing with foreclosure and short sales. Any advice would be appreciated! Thank you so much!!
Thank you so much for pointing this out. My husband asked his HR and the housing program assistance for relocation is not available at this time.
Years ago, companies used to offer appraisal value for your home when they transferred you.
You simply took the appraisal offer – and walked away.
If you could sell it on your own – you got a little bonus of some kind.
Make positive that your company does not offer this.
Ask hubby to re-ask the re-location specialist or the HR department.
Make sure you don’t miss out if this is offered to him.
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Years ago, companies used to offer appraisal value for your home when they transferred you.
You simply took the appraisal offer – and walked away.
If you could sell it on your own – you got a little bonus of some kind.
Make positive that your company does not offer this.
Ask hubby to re-ask the re-location specialist or the HR department.
Make sure you don’t miss out if this is offered to him.
/
References :
Under the HAMP guidelines in order for you to qualify for any of the cures available under the Home Affordable Mortgage Program you must be living in the house as your primary residence. Since you clearly are not, your best bet is to try to ride out this period by renting your home for the cost of the mortgage.
My other suggestion is for you to try to get employment (if possible and I realize there are numerous reasons why people can’t/don’t) but then you can live in the house until you sell it or at least if you find that you default on the mortgage you are living there and eligible for HAMP. Your husband can live in a smaller apartment near the city where he will be working. I know this sucks but you have this big house and just now the responsibility that goes along with it in a somewhat unhealthy real estate market.
You may try to re-assign the mortgage to someone else who is looking for a home-you will lose equity (which I see is none) but you will avoid foreclosure. This must be an arms-length transaction.
Confused, consider visiting HUD.gov and looking for a free housing counseling agency…there is one that serves your area. free advice, suggestions, information.
hope I gave you some food for thought.
References :
I’m a housing counselor