r2i forum

I am USC. Thanks for the suggestion. Althought I am not sure if renting is the best strategy, especially when prices are going to fall more.

There are no criminal proceedings whatsoever if there is deficiency judgement against you. In other words you cannot be arrested for a pending deficiency judements against you. Its just that there will be a judement/lien against credit file. One cannot purchase another house in US in the future till ...

Got some legal advice from couple of lawyers and here is the summary: 1. Try to sell the house between now and june/july ...( i need to leave by july due to kid's school) 2. If the house cannot be sold, try to settle with lender with something called Deed of lieu or a short sale. Basically hand over ...

Thanks nags2000 for the suggestion

I totally agree with desipardesi and old_sprice2. I dont mind taking a 40-50K loss and scooting !! I will try to sell the house at a low price and see if it sells, else let it go into foreclosure. My only concern about foreclosure is deficiency judgement in VA. The lender may come after me if the ...

I believe you cannot invest in indian MFs if the money is coming from a NRE account and if you are a US citizen/based in US.

I was in Mumbai recently and saw the school building on link rd. I have heard good reviews about the school.

Declaring bankruptcy will certainly ruin the credit history for 10 years.

There is Infiniti mall in Andheri(W). They also have nice movie theater

House is in Sterling, VA.
Currently I am upside down on the house.
Rent will cover around 80% of the mortgage payment.

I was exploring if I can hand the keys to the bank and walk away.
In that case I will loose my equity in the house and credit.