GA Foreclosure

Scenario:   1.  Home value dropped to below $110K 2.  Ist mortgage at $140K (home bought at $150K in 2005) 3.  2nd mortgage at $34K 4.  Laid off last year 5.  Working again but out of state 6.  Paying rent while working on the road   I have decided to let go of the house.  What are the things I need to consider and prepare?   Any advise from others who have suffered similar situations woudl be appreciated.

Posted by A_Maria
from GA




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