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Author: Fuskie Big funky green star, 20000 posts Top Favorite Fools Old School Fool Ticker Guide SC1 Red Winner of the 2010 Rule Breakers Challenge Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308349  
Subject: Re: Duty Reassignment Date: 2/1/2006 2:39 PM
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The principle on the first mortgage is what the house is worth (I just got it a year and a half ago) which is around $190,000.

Stupid question: How did you get a second mortgage if your first mortage was for the full equity of the house? I think you do have a major problem here, and renting for income is probably not going to be a solution. Does the military have any services that assist members with relocations? If so, I would check with them. I would also talk to your agent who put you into the home. If they do a lot of work with military personel, then they might be experienced in handling this kind of thing.

Fuskie
Who welcomes you in advance back to the US of A...
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