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Posted by fp on June 24, 2009 at 13:13:48:
In Reply to: confused posted by ltip on June 24, 2009 at 10:13:56:
Get a Realtor to Re list your property for the current value. If you get an offer lower than your listing, take it to the bank for a short sale.
When the low offer is accepted, go ahead and close.
You can also continue to rent it and get some income, until the bank decides what they are going to do.
You can also rent with option to buy, (subject to bank approval).