imported_Amber
New member
will expire end of Feb '11? Wondering if I should rent it out or wait for 1 of 3 things to happen. Hope a buyer comes along before the contracts ends, if not, negotiate a deed of lieu, but hard cuz I have a HELOC, if that doesnt work then ultimately it is foreclosure. If I rent, I have to pay the balance, so my overhead will be high especially since I am unemployed and no prospects yet and threat of losing unemployment benefits in Jan if no extension is passed. If I rent, I can repair my credit, but if it goes thru 1 of the 3 options my credit will be damaged either way, mind u my credit score is probably in mid 500, not anymore now due to missed payments. Just really confused if my credit is more important or having a lil increased cash flow now. I see pros and cons in both. Any advice PLEASE!!!!!!!!!!!!!!