We have two houses in NM with mortgages through Wells Fargo, one of which is rented out (this was our residence before moving to CA) and the other is under a Real Estate Contract which comes to closure in about a year. (Meanwhile, we still carry the mortgage, the buyers actually pay it.) Our renter is behind on rent and an eviction may be in order, but if we do we’ll have to give the house back to the bank which brings up some issues.
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If we lose the house with the renter (through short sale, deed in lieu, foreclosure) could that possibly cause a problem with the house sold under the REC?
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We don’t want to lose our zero percent interest rate on our credit cards. Will giving the house back most likely raise our interest rate? 
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