Old house, built in 50's. Needs a good bit of repairs/work/modern updates for wiring and plumbing, but secured on a refinance loan from over a decade ago. Doubtful that it will sell for what is needed to pay off the remaining amount on the refinance loan. Secured through Chase mortgage. Any advice?
Added (1). Neighborhood has gone downhill over the years and even a like-new house across the street is having a hard time selling. They keep going down on the price and still no takers.
Added (2). $48K left on the loan and it just might get $30K, if that.
Read more: Is trying to sell through a realtor the best bet?
