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TexMontana wrote:
Hey, everybody.I usually post on the General Credit board, but thought I would post here for a change...Dh and I are in a really tough spot. I've written extensively on the subject, but basically we are considering either foreclosure, or BK for DH.My question -- Have you been through a foreclosure, and what were the ramifications? Can't do a quit-claim or Deed-in-lieu, as there is a second on the house. We have had the house on the market about 70 days and have had two showings. Not looking too good.I am wondering if a foreclosure were the only baddie on my CR, how bad would it be? Devastating? Or just merely horrible?I've never been through anything like this, so any advice/first hand knowledge is mucho appreciato!
rebuilder wrote:I actually just read this yesterday. Maybe it will help...