How can we pay for negative equity and real estate fees on our house at sale with very little cash on hand?


We are moving from CA to somewhere more affordable but we’re going to take a large loss on our house (possibly up to $30k) in all likelyhood due to the market downturn and realtor fees and closing costs. Are there any loan programs out there that help people with good credit in these situations make up this difference? It seems like it would be fairly common. We figured out that if even with a large mthly payment on a loan for this shortfall we could still afford a much larger nicer house’s mortgage payment elsewhere. Or does anyone have any other ideas (besides not moving). Thanks.

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