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Old 01-29-2008, 05:02 AM
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Default Is a dil our best option?

My fiance and I are trying to purchase a home this spring in Ohio. He has a home he purchased almost 2 years ago in another state (IN). The house is in an econmincally challenged area and has no value. The mortgage on the house is an ARM, the mortgage recently went up again. We live too far to manage a rental property, besides the house needs too much work. My fiance makes the payment every month but it is starting to be a burden, that money can be used for the purchase of a new home in the city that we live in. Is there any way out of ths


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