Posted on: 10th Feb, 2009 12:45 pm
We have to relocate, upside down about 125,000 haven't made a payment for 6 months, bank isn't talking with us. We make good money, and didn't get over our head when buying, but can't sell because of the market. What about foreclosure? How will that work, if our income is high?
If you make good money then why didnt you make payments for 6 months? Just trying to understand the situation completely.