Wow, I can't believe it is coming to this but we just can't afford to live here anymore. We have only been here a year but the mortgage, taxes and bills are so high it seems like these are our only options. We can't make it and are struggling just to try and make it each day. This house is literally falling apart around us and we can't even afford to fix it up at all,let alone pay the heat bill to survive in this freezing cold weather (which scares me to death with a baby on the way in a couple of months). :(
But without going into all of our troubles, what do you know about bankruptcy and foreclosure? Is there a way to just lose the house but not other things (like our only vehicle we still owe lots of money on, and our other debts - ughh credit cards)? How bad are these options really? How badly would our credit be ruined? Would we be able to get another home in the future (far future since we have no money and would have to try to rent for now)?
I feel like I have more questions but can't think of them now. Any help and advice would be greatly appreciated! Thank you!