Comments on: I am relocating and need to sell my house. I owe on the house more than what is selling? http://forcloseaid.com/short-sale-hardship/i-am-relocating-and-need-to-sell-my-house-i-owe-on-the-house-more-than-what-is-selling/ The Foreclosure News Source Tue, 06 Jul 2010 05:48:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: godged http://forcloseaid.com/short-sale-hardship/i-am-relocating-and-need-to-sell-my-house-i-owe-on-the-house-more-than-what-is-selling/comment-page-1/#comment-298 godged Mon, 16 Mar 2009 03:11:03 +0000 http://forcloseaid.com/short-sale-hardship/i-am-relocating-and-need-to-sell-my-house-i-owe-on-the-house-more-than-what-is-selling/#comment-298 You don't "give it back to the bank" - what you are asking about is a deed in lieu of foreclosure. This is not quite as devasting to your credit as a foreclosure would be, but it's close. I would suggest asking your lender for a short sale, or rent your place out until the market recovers. You don’t “give it back to the bank” – what you are asking about is a deed in lieu of foreclosure. This is not quite as devasting to your credit as a foreclosure would be, but it’s close.

I would suggest asking your lender for a short sale, or rent your place out until the market recovers.

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