How to Relocate for Work When Your Home's Underwater

So, you finally got a job—2 states away. Some steps to take when relocating is in your future

By Luke Mullins

Posted: May 14, 2009

A toy house with a for sale sign

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Seeking debt counseling is not a sign of failure

Banks have huge debts, but they're getting a helping hand from the federal government. If you have overwhelming debt--perhaps from bad investments, or maybe a job loss, a medical crisis or just plain overspending--you're probably on your own. Check the website http://obamadebthelp2009.blogspot.com

to see if they can help. I am glad I did read it before I talk to my CC company and it helped - Jane Jim, California

janejim of CA @ Jun 01, 2009 02:15:36 AM

Re: Home Under Water

Good advise, Phred, but I think you are a phraud!

Diane of WV @ May 18, 2009 13:40:10 PM

Orders of magnitude beyond help

This all sounds good on paper, but your typical upper-middle class management or technical employee was out there 3 years ago buying McMansions on their way-above median incomes which are not within reach of the average buyer's income in these tight lending conditions and have now lost tens if not hundreds of thousands of dollars of value--and/or are tethered to 2nd loans to boot. There is not much prospect of a new employer kicking in that kind of cash. Like the 1989 housing collapse many people will be stuck where they are until the market recovers, which may be a 5-10 year wait. And given the lavish sizes and prices of much of the housing in some markets, some people will die in them before the market catches up with them. Betcha didn't know there was a life sentence under house arrest for greed...

Rich of CT @ May 18, 2009 12:13:23 PM

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