Resolved Question: Help, house won't sell and we just don't want it?

Help, my husband has been trying to sell his empty home for well over a year and a half now. The price is far below it's value. We even had it with a realtor for some time with no looks at it at every. Houses are just not selling in this tiny community. This home is preventing us from being able to find our possess home together. We are currently living with family. We just don't know what to do. He won't rent it because of every he went through to receive his ex evicted while he had to continue to pay on the home. She trashed the home and we had to fix it every up before we could even put it on the market. We are taking a loss with the price but we are just desperate to receive rid of it. His credit is already bad so we were wondering about letting it go back to the bank but aren't sure of what that entails. Any help would be greatly appreciated. Seriously greatly appreciated. Before we put it on the market, we had a market analysis done on it. Later the realtor had it up for sale at $5,000 more than the analysis. Once the contract was up with the realtor, we put the price up at $10,000 less than the market analysis which is lower than the assessment value of the home. At $36,000 it is priced much lower i than the houses in the neighborhood that are also for sale and are smaller and not fixed up much. The problem with the ex was that he was not renting to her. She wouldn't leave and he had to evict her and continue to pay for her to live there through her recovery from surgery and there after. He saw first hand how a person renting out can receive one pulled over on them. He wants nothing to do with renting it out.

2 Feb 2010, 9:45 am | click here to view more