Sell House Fast UK

I have a major financial dilema. I own a condo in Michigan where the economy and the housing market has pretty much hit rock bottom. I moved out of the condo a year and a half ago because I lost my job and moved home to be closer to my new job. I had the condo on the market from July 2005 until August 2006 with no offers. I decided to rent the place out in August and had someone sign a one year lease. Now she is moving out because she bought a house and cutting out on the lease 6 months early. I wanted to put the condo on the market again now. But a realtor told me that I cannot sell it for more than $138,000 but I owe $152,000. So basicaly I won’t even break even and I have no money saved to pay the difference. I need to get rid of the condo but it is killing me financially. any ideas of what i can do? I need to sell because I won’t be able to buy a house with my boyfriend in the future if I still own the condo.

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The units in our development are renting for what we pay a month for our mortgage. If we sell right now, we would maybe just get our money back on what we paid for it. There are beautiful detached homes for sale that we’re really interested in! We already have a close family friend itching to rent our place and would sign a lease for 2-3 years. Also had a realtor email listings of rentals and he said they go very fast and in fact they have a waiting list for people looking to move into the community! Everything is still under home warranty within our home. Any thoughts on this? Wanted to see what others thought of the situation before we seriously consider moving forward with anything.

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