I'm really having a hard time figuring out what to do...... please give me your opinion. Thanks.
My only debt is my home in another state which is underwater over 100k. I had to move and now I have the mortgage and have to rent an apartment. I can't afford to keep the house rented because the rent doesn't even cover half the mortgage and my salary has been cut in half. The house is in NV and deficiency judgments are allowed.
I do have renters in the house now and have been keeping the rental money in an account for the last 4 months. I now have enough money in the account to bring the first current but I don't know if I should.
I have to wait to file BK until around Feb 2010.
If I don't pay at all and let the foreclosure go thru I'm afraid I'll get sued before I'm ready to file BK. I am also thinking that it might look better for me to keep up with the first as long as possible.
I'm struggling because I do have the money to bring the first current now.... not the second. I know I'll loose the house eventually and I'm ok with that. I'm just want know if I should try to stall the foreclosure so that I don't get sued before I'm ready to file.
Sorry for repeating myself. I have no one to talk to about this. Thanks again.
My only debt is my home in another state which is underwater over 100k. I had to move and now I have the mortgage and have to rent an apartment. I can't afford to keep the house rented because the rent doesn't even cover half the mortgage and my salary has been cut in half. The house is in NV and deficiency judgments are allowed.
I do have renters in the house now and have been keeping the rental money in an account for the last 4 months. I now have enough money in the account to bring the first current but I don't know if I should.
I have to wait to file BK until around Feb 2010.
If I don't pay at all and let the foreclosure go thru I'm afraid I'll get sued before I'm ready to file BK. I am also thinking that it might look better for me to keep up with the first as long as possible.
I'm struggling because I do have the money to bring the first current now.... not the second. I know I'll loose the house eventually and I'm ok with that. I'm just want know if I should try to stall the foreclosure so that I don't get sued before I'm ready to file.
Sorry for repeating myself. I have no one to talk to about this. Thanks again.