you def will not be able to fha unless it becomes your primary res. and i really doubt fannie/freddie would touch the loan at this point. think about it... would you lend your money to someone in this situation? not trying to be mean, but that's the real world.
your best bet (and maybe the only bet) is to work something out with the current note holder. they are all so overwhelmed with requests that you may not get much of a response for some time.
should you elect to rent it, make sure your homeowner's insurance is correct. or you may not be covered if something were to happen.
either way, i would immediately contact an attorney and see what they may have for options for you. a foreclosure and chapt 7 afterwards may be the route if nothing else.
but always remember... getting advice in a forum may not work for your state or municipality. good luck and realize that this will pass =)
your best bet (and maybe the only bet) is to work something out with the current note holder. they are all so overwhelmed with requests that you may not get much of a response for some time.
should you elect to rent it, make sure your homeowner's insurance is correct. or you may not be covered if something were to happen.
either way, i would immediately contact an attorney and see what they may have for options for you. a foreclosure and chapt 7 afterwards may be the route if nothing else.
but always remember... getting advice in a forum may not work for your state or municipality. good luck and realize that this will pass =)
