Article December 31, 2007 Issue

A SELLER'S PRAYERS in a SLUGGISH MARKET

BY CONNIE CODDINGTON

In the spring of last year, I was doing everything possible to sell the condo I had owned for two years, but I was having little success.

It had already been on the market for about five months. I was concerned because I had an adjustable rate mortgage, a loan subject to changes in interest rates. With two daughters in college and big expenses looming, this type of mortgage had seemed logical at the time of the purchase. But it was proving to be financially out of my reach. The longer the condo remained on the market, the higher the mortgage principal climbed. And almost every Sunday, the front page of our local newspaper pointed to the sluggish real estate scene. People all over the country were struggling with the same problem, and I was beginning to feel very discouraged.

Enjoy 1 free Sentinel article or audio program each month, including content from 1898 to today.

Send a comment to the editors
NEXT IN THIS ISSUE
Article
NOTICE
December 31, 2007
Contents

We'd love to hear from you!

Easily submit your testimonies, articles, and poems online.

Submit