Thread: Money How broke are you?
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Old 03-18-2011, 12:38 PM   #70
Spott Spott is offline
Court Jester
 
Join Date: Aug 2000
Location: Orlando
Quote:
Originally Posted by R8ers View Post
If you short sell they will come after you for the balance.... They could garnish your wages if you don't file BK if you file BK you won't get another house...

It's best to do the honest thing and pay any debt you owe... The housing market will turn around eventually, be patient
The housing market may, but I don't know if the job market will. I'd also considered buying a home in cash and renting out my home until there's enough equity in it where I can break even on selling it.
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