Tired of doing the right thing…need advice

[lizzers]

Thank you for all of your sound advice. I think you all have valid points – the game has definitely changed and things aren’t like they used to be. By the time all of the inventory is cleared (foreclosures) it will be a long time and not worth the wait.

I hope I didn’t come off sounding like a whiner, but I am pissed off at trying to do the right thing and getting screwed, and seeing all of these people who are deadbeats getting rewarded.

As far as my credit goes, that’s already messed up…oh yeah – I was dropped by my insurance company during a hospital visit where I had two emergency surgeries. I’ve had a stellar few years. 🙂 ha ha, but like they say, what doesn’t kill you makes you stronger. These are all great life lessons.

[briansd1]

[quote=werewolf34]I wouldn’t take advice on ethics from other people. Once you have decided what is right for you, come back and get specific advice on how to do what you want to do.[/quote]

Great advice.

Right for who? Do what’s right for you.

[briansd1]

[quote=werewolf34]I wouldn’t take advice on ethics from other people. Once you have decided what is right for you, come back and get specific advice on how to do what you want to do.[/quote]

Great advice.

Right for who? Do what’s right for you.

[briansd1]

[quote=werewolf34]I wouldn’t take advice on ethics from other people. Once you have decided what is right for you, come back and get specific advice on how to do what you want to do.[/quote]

Great advice.

Right for who? Do what’s right for you.

[briansd1]

[quote=werewolf34]I wouldn’t take advice on ethics from other people. Once you have decided what is right for you, come back and get specific advice on how to do what you want to do.[/quote]

Great advice.

Right for who? Do what’s right for you.

[briansd1]

[quote=werewolf34]I wouldn’t take advice on ethics from other people. Once you have decided what is right for you, come back and get specific advice on how to do what you want to do.[/quote]

Great advice.

Right for who? Do what’s right for you.

[UCGal]

Being a nerdly engineer… I’d do a cost benefit analysis…

Short sale – if you have a non-recourse loan and the bank agrees… Less ding to the credit.

Foreclosure – bigger hit to the credit score longterm.

If you thought for sure you might be coming back to the area in the future – it might be worth hanging on to it and renting it out (covering the difference between rent/owning…) But only if the condo meets your needs long term. Since you only planned to hold into it for 5 years… it probably doesn’t.

My advice – take a full look at the benefits and consequences of each choice… then determine what you are most comfortable with.

[UCGal]

Being a nerdly engineer… I’d do a cost benefit analysis…

Short sale – if you have a non-recourse loan and the bank agrees… Less ding to the credit.

Foreclosure – bigger hit to the credit score longterm.

If you thought for sure you might be coming back to the area in the future – it might be worth hanging on to it and renting it out (covering the difference between rent/owning…) But only if the condo meets your needs long term. Since you only planned to hold into it for 5 years… it probably doesn’t.

My advice – take a full look at the benefits and consequences of each choice… then determine what you are most comfortable with.

[UCGal]

Being a nerdly engineer… I’d do a cost benefit analysis…

Short sale – if you have a non-recourse loan and the bank agrees… Less ding to the credit.

Foreclosure – bigger hit to the credit score longterm.

If you thought for sure you might be coming back to the area in the future – it might be worth hanging on to it and renting it out (covering the difference between rent/owning…) But only if the condo meets your needs long term. Since you only planned to hold into it for 5 years… it probably doesn’t.

My advice – take a full look at the benefits and consequences of each choice… then determine what you are most comfortable with.

[UCGal]

Being a nerdly engineer… I’d do a cost benefit analysis…

Short sale – if you have a non-recourse loan and the bank agrees… Less ding to the credit.

Foreclosure – bigger hit to the credit score longterm.

If you thought for sure you might be coming back to the area in the future – it might be worth hanging on to it and renting it out (covering the difference between rent/owning…) But only if the condo meets your needs long term. Since you only planned to hold into it for 5 years… it probably doesn’t.

My advice – take a full look at the benefits and consequences of each choice… then determine what you are most comfortable with.

[UCGal]

Being a nerdly engineer… I’d do a cost benefit analysis…

Short sale – if you have a non-recourse loan and the bank agrees… Less ding to the credit.

Foreclosure – bigger hit to the credit score longterm.

If you thought for sure you might be coming back to the area in the future – it might be worth hanging on to it and renting it out (covering the difference between rent/owning…) But only if the condo meets your needs long term. Since you only planned to hold into it for 5 years… it probably doesn’t.

My advice – take a full look at the benefits and consequences of each choice… then determine what you are most comfortable with.

[AK]

And make sure the damage to your credit score from your FC won’t affect your new job, e.g. if you’re subject to periodic background checks.

[AK]

And make sure the damage to your credit score from your FC won’t affect your new job, e.g. if you’re subject to periodic background checks.

[AK]

And make sure the damage to your credit score from your FC won’t affect your new job, e.g. if you’re subject to periodic background checks.

[AK]

And make sure the damage to your credit score from your FC won’t affect your new job, e.g. if you’re subject to periodic background checks.

[Author]

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