Quote:
Originally Posted by maat55
Your first step would be to try a short sale on the first mortgage. You may have to make some kind of arrangement with the second to get this done.
If neither will deal with you, you may have to walk away. Unless you file BK, you may have to settle with the mortgage companies later.
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Seems like there's no good option. If I'm going to have to pay for the loans even after giving up the house I might as well try to keep the house and rent it out.
Would prefer not to have to file bankruptcy but I don't have any other great assets to lose, I drive an old car, no savings, washer and dryer are a few years old now... seriously, there's nothing of value to my life. Kind of sad to type that...
I don't know what to do...
I'll call my lawyer tomorrow and ask him to see what can be done to get me out of the house and loans. If bankruptcy is the only way to get out of the loans then I'll have to consider that option.
Ugh...