[uyen]

...after a foreclosure? We purchased our home during the housing bubble in Florida. We're not irresponsible lenders, we didn't borrow more than we could afford. Three years into owning our home both my husband and I have lost our jobs. The only option for us is to relocate and start over. We tried a short sale and was uncessuful for the past 2 years. Now our bank want to foreclose the house. I don't want to refinance the house or tried different lending option because the house is worth much less than what the bank priced it at. It is a dead asset.A coworker of mine, was in the same situation. Our office was shut down and we both relocated to the same office. He was sucessfully short sale his house BUT the bank/collection agency is still trying to collect from him. He said they have up to 5 years to harass him. I just really want this to go away and i really want to start my life again. My husband and I both make good income but we can't afford to support inflated rent in a big city and pay our mortgage at the same time. What are the risks for foreclosure?1. I am not here to search for legal advise, I am in search for opinions and/or ideas of how others would approach this. I am consulting a lawer to dispute this matter.2. I am concern with 1099 but I will contact my accountant and get his advice on the letter of insolvency. Thanks, for the tip.3. I wouldn't file for bankruptcy. We have 0 credit card debt, no car payments, no nothing. Our home was the only thing we were working on. My options are to put 15% to my 401k and max out my Roth IRA accounts. I could have a baby, or two. But it would be hard for me to purchase another car with bad credits and at the same time we're stuck because we can't save. I am a victim of the economy...