Is it worth selling your home at a loss?

Answer by  grl1061 (86)

Sometimes. If you can't afford to keep up the mortgage payments, you could drastically hurt your credit rating- making it more expensive for you to get anything in the future.

Answer by  worker2746 (2434)

If you are in a financial situation in which you can no longer afford the monthly payments on a cash flow basis for your home, then it makes sense to look at a short sale, or selling for a loss. You will first have to contact your bank to get permission.

Answer by  SubhashChander (1773)

The answer to this question that you should never and repeat never think of selling your home. The question of profit or loss comes at second place. So, no question of selling your house at a loss until and unless you are in dire need of money for some other purposes.

Answer by  tamarawilhite (17883)

Selling your home at a loss may leave behind debt, but that may be more manageable and payable if you rent at a lower price. It may also allow you to downsize or move.