I know this sound crazy.....

I would sell the house and take lost, that 200k lost you not going to recover anytime soon, and the new area you moving to, I am sure the price had came down at least the same ratio, so you not technically lost anything..

if you rent it out, you lost 30k+ a year, how long can you afford to do so? plus all the headaches you will face as a landlord.

another option, may sound crazy, have you consider cash out the equity, buy a new house, and let the old one go bad? when you past 90 days late, you may even qualify for a loan modification or principle reduction. I know your credit will take a plunge, but after a few years, it will come back.

所有跟帖： 

• I think loan modification is only for your main home. -RE8888- ♂ (78 bytes) () 02/02/2010 postreply 16:58:01

• not a good idea. 10~30% price up is not so difficult in next yea -tripleAAA- ♂ (61 bytes) () 02/02/2010 postreply 17:36:14

• Really? 10~30% price up is not so difficult in next year 吗 -RE8888- ♂ (190 bytes) () 02/02/2010 postreply 19:45:51

• you must be joking. We are not out the woods yet -sourdate- ♂ (390 bytes) () 02/03/2010 postreply 13:35:35

• 10~30% price up should be not a problem in next YEARS -tripleAAA- ♂ (629 bytes) () 02/03/2010 postreply 15:32:46

• 房价一跌，钱贷不出来了；主要是到了新地方，买不了房 -隐身- ♀ (18 bytes) () 02/02/2010 postreply 17:41:58

• the bankers are not stupid now -hz82000- ♀ (0 bytes) () 02/02/2010 postreply 19:06:08

• Bank will not give you a loan to buy another house -xxq2001- ♀ (87 bytes) () 02/03/2010 postreply 08:05:34