After Chapter 7 Bankruptcy, is it better for my credit to let the bank foreclose or try and sell my house?

We might be able to sell it for what we owe or sell on a short sale, but would it even make a difference on my credit after a Chapter 7?

Should I sell, short sale, walk away, refi, foreclose, HOPE program?

Bought house for $500k three years ago. Zillow marks it at $300k which Ive been told by a number of people that Zillow is 3 months behind and my house is probably only worth $250k now.

I cant sell my home in this current market. I would rather not walk away hurting my neighbors house prices either. I could do a short sale or foreclose but dont want to ruin my credit. No one will refi with me becuase of its upside status. Ive looked into the HOPE for Homeowners program but have been told that the funding isnt available to homeowners so no applications have been approved yet, and may never get approved (is that true?). I want to get out of this house to buy another house for half the price. How can I go about it. Ive been told about some ideas like short sale buy backs and other crafty ideas and as the saying goes, if its too good to be true it probably is. Are there any options for people in my situation? Could I potentially buy another house with my savings, then walk away from the first one? Like I said, Im not a fan of walking away. PS… save yourself from badgering me. Im not the problem to this housing mess. The banks that gave the loans are. The government who forced banks to give loans are. Im just a person looking for an answer to my situation.

I want to foreclose or short sell my main residence. Will the bank go after my 2 investment properties?

On my main residence, I have a 6.5% interest only mortgage with Wells Fargo. My mortgage rate will jump up 2% in a year from now, and that will make it impossible for me to pay for my mortgage.

I tried to do a loan modification under the HAMP program but it was refused since they caught that I had 2 investment properties with equity on them…

Now, if I decide to foreclose or short sell my home, will the bank go after my investment properties?

How can I protect myself better?
I live in California, that’s a non recourse state.
Could I transfer the titles of my investment properties to someone else? Maybe my wife’s corporation?
How about transferring the titles of my investment properties to family members, such as my inlaws?

Foreclose, Short Sell, or other options?

Need some advice –
1 – My mortgage balance is higher then actual home value, (thanks to today’s market)
2 – My wife is pregnant, which creates a need for a bigger home
3 – After giving birth, My wife is planning on staying home. We cannot afford the mortgage without her salary
4 – Mortgage is entirely in wife’s name

My thinking is to stop paying the mortgage now while she is still working so we can save while the home goes into default. In the meantime I will put the home up for sale. My assumption is it will take approx. 1 year to foreclose, in which I can save quite a bit of cash. Maybe it will sell within that time, or I can find someone willing to deal with a short sell?

Any advice?
This is our 3rd child, in a 2 bedroom home. We live in a townhouse community where there are 10 other properties listed for sale in the community, none of them are moving and they are all priced way below what I need to sell to break even.

We are trying to short sell our home. Will a bank foreclose on us if the process takes more than 90 days?

is it ethical to foreclose or short sell property?

To clarify I can buy a better home for less than my current. I an not sure that I would be able to rent the old for the cost of the mtg…..is that ethical to foreclose on the 1st home?

Will have to short sell or foreclose due to job transfer. Can I buy in new state before it happens?

I had to transfer jobs from Tennessee to Florida. We JUST bought our house in TN 6 months before I found out the company was shutting down the branch I worked in. We have been trying to sell the house, but no one is buying. I am wondering if I can get into a home in the new state before I end up having to short sell or foreclose on the old one…