I hope you can come up with a good solution for you and your family.
Originally Posted by naturallyspeaking
I'm almost willing to go through short sale or like Dave said the other day "deed in leiu of foreclosure without recourse" but my husband absolutely hates the idea. I think with this, we still need to pay tax on the debt forgiveness, am I right?
Yes, you will owe taxes on it- IRS considers it "phantom income" even though it...