I hope this is the right location for this question. I couldn't find a section that better fit this question. If this is not the right place please let me know.
I got a house 3 years back using an FHA loan using the T.R.I.P program that helps first time home buyers get a house. after living in the house for 3 years I have determined that I hate the area. I hate the municipality that runs the area. I hate the bums using my back yard as there personal bathroom. I hate the corrupt cops that harass everyone because they have nothing better to do. I hate the random assortments of trash left around my house by passerby's. I want to move but the T.R.I.P program states that I must live in the property for no less than 5 years.
I thought maybe I could call up my mortgage holder (wells fargo) and ask if I could negotiate a trade. Maybe they have an REO that I would want that is in the same price range as my current mortgage. Would they be willing/able to trade my property for the REO and have everything transfer to that or is there a way I can do something that gets me a place I would want to live in and get rid of this burden of a property I ended up with?
I don't know much of the lingo of the banks I only know very little about REO and hope they would show me a list of REOs they have in a better location could help me. Also do banks have Condominium REO's? One of my friends just got a Condo and it looks far better then owning a full house.