Last year my husband took a job that required us to transplant as a family 5 hours away. For our family this move has been AMAZING we've grown, bonded, became a stronger unit. His other job had him traveling a lot and this new job requires little to no travel and everyother friday off. In addition his former job had him working most weekends (60-90 hour weeks were common for our family).
As part of his relocation package they paid for 3mos of rent for "temp" housing. They also covered our moving expenses and have covered other relocation money. Because of the move we put our home of 6 yrs on the market in October 2010. We had a full priced offer in Jan. However their funding fell through in by Feb and by March we were back on the market. We dropped the price when we went back on the market and then again 2 weeks ago. We just want to unload this.
Financially we are renting a 1200sq townhouse. We can pay our rent and mortgage and still make bills but things get a tight feeling and it's getting tighter every month.
We just dropped the house again and we are just at break even. We really couldn't afford it as landlords since we would come out short every month.
As part of DH's relocation for this job they would pay the closing costs if we sell or at this point they can take over paying the INTEREST portion of our Mortgage for a limited period of time. Which would help keep it on the market longer without Short Sale in the hopes that someone buys it.
But mostly the houses being sold in that area are short sales and bank owned. We haven't been late with a payments. We've never missed a payment.