I am new here.I came here looking for hope.
I just feel so stuck and helpless. We are underwater about 50k. We live in KY(recourse). and ...my husbands job requires secret clearance. When we bought the place 3 years ago as first time homebuyers, we were told what a good deal it was as we bought it under what it appraised for.(what a joke that is) My husband, at the time (right before the ressesion) worked from home. Fast forward to now, the company he tellecommuted for went under. So now he drives 3 hours for work. we are 50k underwater and need to move back to our home state to take care of aging family.
Our credit cards are maxed. We are able to pay the mortgage and other bills but just barely. I feel like we cant strategic default due to the secret cleance issue and the recourse issue., doubt the bank will do a short sale or DIL... just absolutely hopeless. I made an appointment with a bankruptcy attourney for next week for a consult although I have no idea what good it will be . I just feel like we have no options.
Im sorry for being so depressed. I am sure there are people much more worse off than we are.