Legal Question in Banking Law in California

Re: home repo's

First contact the Army, maybe starting with the Judge Advocate's office, to make sure you know all the benefits available from the army so far as moving and other expenses are concerned. And you said he was injured; if it was service related, he should be eligible for monthly disability payments plus other on-going benefits. If the Army people don't seem so helpful about this, contact some Congressperson or Senator; they love to help out on things like this. Second, confer with another realtor or two about your house and the market in your area. Maybe you have priced the house too high. Or maybe your current realtor is just incompetent. Anyway, like baseball teams, change the realtor; changing managers sometimes helps, even with the same players. Third, consider renting the property if it can be rented for enough to cover your out of pocket expenses for mortgage, insurance and taxes. And if you decide to keep the house, apply for a property tax reduction with the county assessor before you move out of it, so your taxes are based on current values should those be less than your purchase price. California real estate has been going through surges of up and down values for many years, so if you can hold on to the property without it costing you out of your cash flow, you will probably benefit. Finally - a home repossession will be a black mark against your credit, almost as bad as a bankruptcy. Good luck.