House value Depreciated..I want to move?
I purchased my first home in 2007 @ $ 156400. Since then we’ve made countless improvements and practically remodeled the whole thing. In attempt to refinance at a lower rate, an appraisal was required and came back at $ 20000 less than our original purchase price! My husband and I are looking to move within the next two years but don’t see how we can! I feel trapped. I know about short sales and foreclosures but I don’t want to go that route, I want to maintain our good credit scores so that we can purchase another house in the future. What alternatives do we have to get out of this house? Could I sell it for less than my mortgage value and pay on a loan for the difference? I don’t know what to do and we HAVE to move in the next two years for job & family issues. Any help would be greatly appreciated.