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relocating for less

Posted by gerri m. snow on May 07, 2008 at 16:27:26:

hi guys can anyone help me PLEASE!!! MY HUBBY AND I ARE CURRENT ON OUR MGT PAYMENTS AND ALL OF OUR BILLS BUT WE NEED TO RELOCATE CLOSER TO OUR JOBS. WE FOUND SOMETHING FOR WAY LESS THAN WE ARE PAYING NOW . THE PROBLEM LIES WITH HAVING TO SELL OUR CURRENT HOME FOR WHAT WE OWE WHICH IS 700,000 HOUSES IN OUR AREA IS GOING FOR LESS THAN 500,000 SO WE WOULD NEED TO RENT IT FOR 4000.00 A MONTH (SERIOUSLY DOUGHT THAT) OR SELL FOR 700,000 (SERIOUSLY DOUGHT THAT TOO) OR SHORT SALE. BUT WHAT HAPPENS TO THE BALANCE? IS THAT GOING TO REFLECT NEGITIVELY ON OUR NEARLY PERFECT CREDIT? AND WOULD WE BE LIABLE TO PAY THE DIFFERENCE SINCE WE ARE NOT FILLING CHAPTER7

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