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If you are forced out in a week, and you paid half the loan down, you should still be in an equity position. I can't really tell you what NY
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12-01-2009, 10:12 AM
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A True Z Fanatic
Join Date: May 2009
Location: St. Louis
Posts: 14,275
Drives: Pure Sex
Rep Power: 543    |
If you are forced out in a week, and you paid half the loan down, you should still be in an equity position. I can't really tell you what NY is doing for pricing for Z's, but you would have to at least see a 4k difference for used to new retail. So if Z's are selling for 27K in NY for base, then I would guess a buy figure of 20-21K. The only thing is depreciation to worry about, if you sell it there isn't any hidden losses, or fees.
Bottom line you will be in an equity situation if you find a buyer. |
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