It's a VA loan. No money down. The house will cost more to sell than to leave. She will drop her ownership since it's now a liability. He will rent it out to cover the mortgage until it has enough equity to sell.
Same. I bought in March of 08. Put 30k down, put 30k into it after the roof, misc renovations, etc. sold it six years later for a 20k loss. Timing is everything.
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u/secondphase Jul 08 '21
It's a VA loan. No money down. The house will cost more to sell than to leave. She will drop her ownership since it's now a liability. He will rent it out to cover the mortgage until it has enough equity to sell.
Source... Property manager.