NEED2015GT
Well-Known Member
I need to move in this area! Northern Ill is crazy with high taxes and prices!My current house is supposed to sell for 62k, but needs 10k in foundation repairs in which I agreed to pay 1/2. I only paid 49k for it 22 years ago and still owe about 20k. The new place is 125k, but since I'm putting about 26k down, the actual out the pocket loan will be around 102k I believe. The actual payment is supposed to be about 595 compared to about 535 I was paying as the taxes are less at the new place. So yeah, I guess I could try to sell it for say 120k or so in a few months and could even take a little less if I had to. But I would end up losing some money that way. Plus having to move twice which isn't cheap either and is a hassle.
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