Sorry to hear about your dilema, 23109VC, but (and you know this was coming)…you made your bed.
It sounds like your lenders have been very nice about lowering your monthly costs, so you really can’t say you haven’t been helped already.
Also, with a hit to your credit, you will have a more difficult time finding a rental than someone with a good credit score.
Not sure how many kids you have, but our kids share a room, and most of us probably grew up sharing a room with siblings. It might not be optimal, but it’s not bad, either. Some kids really prefer to share a room with their sibling(s).
There are many stories from posters here who have been forced out of their homes because idiot landlords were foreclosed on.
IMHO, it’s best to just stay where you are, be grateful that everyone else is in the same “foreclosure crisis” boat with you; otherwise, you would have been foreclosed on too, instead of getting a very generous loan mod that lowers your payments by $600-$700/month.
I’m really not trying to sound mean-spirited, but people such as yourself were the reason behind the surge in prices that caused all the foreclosures. The collective actions of impatient buyers and foolish lenders are the reason behind all the totally unaffordable and irresponsible bailouts of these same borrowers/lenders…all at the expense of those who tried to do the right thing by waiting and renting.
