The Nelsons
Yes, my credit will be ruined but so a lot of other people's credit is too. I'd rather have bad credit than be completely broke, which is what would happen if I kept making mortgage payments.
It's a business decision. I weighed all the options, all the so-called "We're here to help" workouts from the banks, which amounted to me taking all the loss and the bank none. Foreclosure is the best option. I'll find a bigger house to rent for less money.
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