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I owe too much and too many repairs to sale

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boosted95 Joined: 12 Oct 2009 Posts: 3 1.72 Dollars($)	Posted: Mon Oct 12, 2009 11:19 am    Post subject: I owe too much and too many repairs to sale Like 0 Dislike 0 I do not have any equity in my home since I owe more then it is worth. I have too many repairs to even try and sale. I just want to get out of my home, what are my options? If I quit making payments and the mortgage company forecloses then what will happen? I know that it goes on my credit for 7 - 10 years? I am trying to find out the best way to get out of my house.
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Mon Oct 12, 2009 8:13 pm    Post subject: Like 0 Dislike 0 Your optiosn are 1. shorsale - You may be laible to pay the deficiemtn amount 2. Deedin lieu - If the lender agrees for this, then you are not laible to pay anything 3. Foreclosure - depending on where you live, you may or may not owe anythign to the lender

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