I am 62, she is 59, We have more out go the in come. We have 3 homes w/ payoption loans, rental in Hawaii, rental in Bakersfield, CA and our home in Thousand Oaks which is to big for us and too expensive to maintain. We each work full time and make a fair living. I have several credit card accounts at low interest till paid off. We are going to sell the rentals. We know we need to sell our home and downsize, We have no savings. We are living off the equity from the main home. There will be no profit from the rentals. We have lost our equity there. We owe $320K on Hawaii, We owe $280K on Bakersfield. Our residence is worth a $1m, we ow $800K. Our expenses are $3K more each month then we make.
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