I am currently a debtor in chapter 13. I am behind 2 months in my mortgage and 1 month in a catchup program. I need to send in the behind payments by the 27th of April or face foreclosure. If I make the payment to cure the default I still face the prospect of going through this again. Question-do I cure the default and try and sell the home or would it be better for me to just walk away. I have little or no equity in the home. I could probably list the home for enough to pay off the trustee and the bank. My husband has been unemployed for the last year and currently has found a job. Catchup is hard with all of this medical bills and such.

The larger question for me is, if you can't afford your mortgage, can you afford to rent? If you get behind on rent, you will be on the street forthwith. In other words, will you improve your budget by renting, instead of paying a mortgage?