Seriously considering home foreclosure

[riverwed070707]

Just checked this thread that I opened 18 yrs ago, asked for the advice. I received great advice from many here. Update is, we ended up short selling that house for 148 K in 2010. My credit went down. 2 yrs later in 2012, we bought two houses using my wife credit. agree ethically not right to use the loop hold to short sell the house and later on buying two houses for cheaper price. one for 245K and other one for 175K. I am still living in that 245K house and renting the other one. Like Debbie's story above, house price of short sold house went back up to almost 600K from 148K.

Love an old thread update! Do you regret short selling or were you able to get out of your CC debt as a result? How's your overall financial picture now?

[FoolFromAZ]

Overall we are ok. i kept the CC debt till 2015 as I was maxing out our 401k during that time. thats the advice i did not follow as everyone was asking me to pay off the cc debt before contributing for 401k. However i made sure interest rate was only between 0 to 6% for the CC debt. finally in 2015, i took 401k loan and paid the cc debt. paid off the 401k loan few yrs later.