What happens to our mortgage if we sell our

[Lindsey J]

home for less then we bought it? My fiance and I bought a house for 429500 in November, he is thinking about taking a job in another state. We put no money down on the house and the house has gone down in value. Because we could barely afford the payments we have NO savings. What would happen to our mortgage if we had to sell at a lower price. Niether of us has good credit, and we realize that buying the house to begin with was bad, our realtor insisted we would be fine... stupid us listened to her... What can we do? Are we stuck?

[joy]

I have a few suggestions/Ideas for you to CONSIDER. I feel like I should make it clear that these are only ideas and suggestions with a little info added.

One of the best ways to correctly price your house when selling is to find out how much other homes, similar to your own, recently sold for in your neighborhood. Talk to home sellers, buyers and check out the real estate listings in your local newspaper.

The easiest way to accurately price your home is to contact your local home appraiser.

Finally, set your house selling price just under a whole number, such as $169,900 rather than $170,000.