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Advice, please

I can’t separate myself enough from the situation to make a clear decision. Here is my situation in bullet points. Annoying as it may be, I think it’s more efficient.

•Bought a TH end of 2021 to be near elderly mother who I’ve just moved into AL and am cleaning out her house for sale.

•Used agents unfamiliar with the area, did not know of neighborhood’s bad rep. HOA is also terrible.

•New HOA BOD is planning to force a roof replacement project this year, even though our roofs are <20 years old. Mine will likely cost $20K.

•Many people will not be able to afford it. HOA will start filing liens and foreclosures. Property values will plummet.

•Like my place - large for a TH, nearly 2,200 sq ft - but hate my neighborhood and area. However, mortgage + HOA fees are still less than rent in many places.

•If I leave and rent it out, still end up having to pay for new roof, which I can’t afford. Also, HOA now requires a $4k deposit to them on top of 1st, last & security to owner. Insane.

•Oh, and I’m in FL. So market isn’t just soft, it’s boggy.

Do I just go ahead and list, take what little equity I have if I can sell, and leave, even without a plan?

submitted by /u/BattleSuccessful1028
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source https://www.reddit.com/r/RealEstate/comments/1judzy8/advice_please/

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