Inverted In House/making Their State

[StevenBauer]

We're inverted within our house and also have $24,000 in credit debt. We could obtain a rebuild on our 1st (flexible mortgae), we'ven't yet obtained the documents, and five times later discovered my spouseis organization continues to be offered and his extremely specific work has been moved to co. Your revenue is approximately 80,000 mixed but is likely to be less following the transfer till I discover new work. Concerned about Section 13 since if reimbursement is dependant on our last 6 months of revenue, the funds mught be excessive. We experience we're between a stone along with a difficult location today...cannot maintain your house if we remain...spouse wont possess the making potential below...cannot market your house to depart, will not be ready to repay mortgages or spend final expenses...confused about our next thing, does anybody have input?

[Elison]

If there is no equity in the house after costs of sale, consider bankruptcy and move on.You may find it easier to rent in your new destination if you get housing before filing bankruptcy.I wrote on walking away at http://www.mortgagelawnetwork.com/should-you-walk-away-from-mortgaged-home/Cathy Moran