I have a mortgage that that is too expensive for my budget. I can not refinance and my credit rating is slowly going down the drain. I can not sell the house because I do not have equity and the way of the market. I owe more on the house than it is actually worth. I want to get out of this mortgage without ruining my credit completely. I don't care if I lose money, but I don't have any money to put up front for anything either. Is there any way out?

Thanks
Getoutnow

Fr_Chuck

To be honest no, you can try to see and see if the mortage holder will accept a short sell. Or see if you can borrow the difference between what it will sell for. OR try to fix it up better to sell for what the mortage is.