deed in lieu of foreclosure

foreclosure

Should I Do a Short Sale, Deed In Lieu of Foreclosure, or File Bankruptcy?

Question: I live in las vegas. I owe $300,000 on a house that is valued at $150,000 and dropping. What would be the best alternative for me? Should  I  do a short sale, deed in lieu of foreclosure, or file bankruptcy? At present  I  am unemployed and can not afford the payments and HOA fees. …

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Advice if Your Home is Underwater

Q: My husband and I are underwater on our lovely historic 1930 era home, which we hoped to grow old in. We paid $783,000 for it back in 2005, when we had a six figure income as a couple and could afford it. Our home is now worth about $500,000. What should we do? A: …

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