CSS Form - House Under Water

Paying for College
1

<p>Hi,</p>

<p>I've spent a good bit of time searching the board to no avail, hoping someone can help. :0)</p>

<p>I'm working on my D's CSS form. Our region took a big hit with too many new houses in the housing boom and our house is worth less than we owe on it (like much of America).</p>

<p>PA 130A & PA 135A are asking the current value and the amount paid for the house. I initially tried putting the value and the amount paid, but at the end of the document I was instructed to fix it. </p>

<p>I read elsewhere on CC to just put a zero for "current market value" when someone asked what to do in a similar situation for figuring EFC. I tried that, but I still got the following message from the Profile:</p>

<pre><code> "The current market value of your parents' home is less than the amount owed on the

home. Please review the responses to these questions (PROFILE Help Codes PA-130
and PA-135) and correct as appropriate. Return to question"
</code></pre>

<p>Any help would be greatly appreciated.</p>

2

<p>say your house was paid off- what would it sell for?
What do you pay taxes on?
Since they are unlikely going to expect you to borrow against the house- just try and get it to accept the info.</p>

3

<p>Can you get it to accept even with the error message indicating that the house is worth less than you owe? If so, submit it that way. I am sure aid officers see a lot of Profiles with underwater houses these days!</p>

4

<p>I don’t believe you can put a value less than $0.</p>

5

<p>Thanks you two . . . we haven’t submitted yet as I want to double-check everything. I will try to submit it in a couple days.</p>

6

<p>We got same error messege. I think it just wants to alert you if mistakenly entered wrong numbers. It will let you submit with “negative” value.</p>

7

<p>Okay, thank you welldad.</p>