[LTD810]

i own a 1 bedroom, 1 bath condo in SW FL. In 2005 it appraised for $183K and I paid $172K. My new husband and I are now ready to start a family but unable to in our tiny space. The units in this complex are now selling for around only $100K. (the unit directly below me is in foreclosure and the bank is selling it for $85K). Is just walking away from it our only option? I morally don't feel right about doing this but we can't be here for another 5+ years to wait for the market to pick back up. Anyone have advice besides renting it out? (we can not recoup enough rent $$ to pay the mtg).

[mcmoehring@sbcglobal.net]

Perhaps buying and renting a few of the depressed properties will get you turned around faster