equity

chungoi

Hello to everyone
this is going to be long here goes.I have a house at the moment with my partner.We have split up the house is in both our names and we owe 87500k on the house it is up for sale but at 88500.But we have had 2 viewings.the estate agent says we could get 85000k if we put the price down to that.And my partner has moved out she is still paying her half but.She will not bring the house down anymore.I haven't got the £2500 difference to just get rid of the house But my farther died last year leaving his house(no mortgage)to me and my sister.I believe the house is worth 90to95k.My sister is now wanting me to buy her half of this house because her daughter is going to collage next year.I really want to move in to this house because just before my farther died he said he would like me to live in it and not my sister (long story)I am really fed up at the moment everybody just seems they are putting blocks on it.I have 2 defaults on my credit report through money lent to my brother(dont ask).Ijust dont know what to do .I earn £27000k a year no debts all payed off last year.The defaults 1 ends next year the other 2015.anyone any ideas as to what i can do thanks really really fed up wish i could just p**s off and forget everything sorry just me.COME ON PEOPLE SOME ONE MUST KNOW

brit1234

I would follow the EA advice and drop to £85k, prices are still falling. You risk greater negative equity if you don't reduce now rather than chase the market down.

chungoi

Any ideas to the other things i put on