Please help me!!!!

[gnpiazza]

I have not paid my mortgage since 1/2009 due to a lay off. Been trying to work with US Bank on a Modification, they will not do it because of unemployement. I put it up for a short sale and had offer the same day. Now, I am nervous because of the tax liabilities in CA.

So my question is; What is better for me all around, short sale or forecloser?

PLease help, I have to have a response to the offer by tomorrow.

[Enough Already]

gnpiazza,

I would recommend you take a look at the Deed in Lieu of Foreclosure section of this web site. Since you're in California, depending on the type of loan you have, you may be better of walking away.

Here's a link to Deed in Lieu: Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? - Loan Modification Forum - LoanSafe.org

Good luck to you.