Kristyn1980
Feb 12, 2008, 06:48 PM
I purchased a new home and have been trying to sell my old home 2 years. I have tried renting it, but the renters don't pay and I have had to spend money in court evicting them. It is getting to the point where it will be difficult for me to pay for both houses. Should I just let the house foreclose? How will that affect my credit? I have heard it stays on my credit report for 7 years. Can the bank come after me in any way for the money they lose? Or will they just take the house?