Resolved Question: Should I walk away from my Mortgage?

Resolved Question: Should I walk away from my Mortgage?

Currently I am living in NC and lost my job couple of weeks ago. Unfortunately the job market in NC turned very tight so at this time I am looking for jobs in Atlanta and Florida. In the event that I get a job in Florida should I walk away from my mortgage? I can try to keep rent and mortgage but not for while and due to currently real estate market I know it could take probably up to a year to sale my property. Eve though my wife and I both have great credit score for over 750, no credit card debts and car loan are almost done, we would like to do what is best for our family; if I need to live with 7 years trying to rebuild my credit, I can survive with that! What should be better of sign deed in lieu of foreclosure or foreclosure? Any ideas?? What should be the best solution?

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Comment by: Joe Shoemoker

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Comment by: Daniel Shoemoker

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