Planning on filing; issue should I short-sell my house or let it forclosed?

[lvmcse]

Hi Guys!

Really new to this. We own a house in Las Vegas. It is a recourse state. Due to our credit cards, we are probably have to file chapter 7 or 13. Question is what to do with that house in Vegas. Should we let it forclosed which probably take years or try to do a short sell to get it out of our names. House was primary from 2003-2009. from 2010 through mid 2011 it was a rental. Any advise would help.

Thank you.

[Drazil65]

Hi, short sales are not really working for the most part with any bank right now. So have a back up plan because you will get frustrated with the process. They will get you hooked in then hit you with the paperwork game, repeatedly then start you all over again. This will go on several times, so if you have the time...Good Luck