Comments on: How do I avoid foreclosure being in a payment plan already? http://upside-down-mortgage.com/upside-down-mortgage-faqs/how-do-i-avoid-foreclosure-being-in-a-payment-plan-already Upside-down on your Mortgage? Welcome to the Majority! Sat, 10 Apr 2010 20:53:23 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Roy http://upside-down-mortgage.com/upside-down-mortgage-faqs/how-do-i-avoid-foreclosure-being-in-a-payment-plan-already#comment-3 Roy Tue, 02 Jun 2009 02:36:23 +0000 http://upside-down-mortgage.com/?p=7#comment-3 It really stinks to have a rental far away from where you live... but the only option I see is to rent it out... or get a private loan to pay down the mortgage and get it sold. But in this economy I do not know how well that solution is. I for one have been trying to sell my property for months and have not found a buyer yet. Do you think you could rent it out to cover most (if not all) of the mortgage payment? Make sure there is no stupid clause in your mortgage paperwork that says you cant rent it as well. It really stinks to have a rental far away from where you live… but the only option I see is to rent it out… or get a private loan to pay down the mortgage and get it sold. But in this economy I do not know how well that solution is. I for one have been trying to sell my property for months and have not found a buyer yet.

Do you think you could rent it out to cover most (if not all) of the mortgage payment?

Make sure there is no stupid clause in your mortgage paperwork that says you cant rent it as well.

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