Should I get rid of it or do what it takes?

I bought my home last year in May. I have no equity built up, and I have fallen behind 2 months on payments. They are calling me all hours of the day, everyday. I lost my job in November and have been playing catch up with the payments since. Every bill is now late. I have eaten at my savings and have been looking for a job that will provide enough for day care as well. No family to help here, no child support. Oh yeah, and since I bought it, the value of the place has dropped about 40 grand due to the market change.

I want to hear what my options are. I dont want to do a short sale. My credit was nearly flawless and now its is considered %26quot;fair%26quot;. I contacted the lending company, and they are F!@#$%G rude and useless. There is nothing they can help me with.

I am expecting a fat tax return (well..enough to cover 1 months payments), and I rent a room in my house. Thats pretty much all the $$ coming in at this point.

Is there a way to lower my monthly payments? What to do?

Should I get rid of it or do what it takes?

choices;

set up an in-house biz

to help you.

sell the entire house with

an option to immediately

lease it and then buy it back.

trade down to a smaller house.

--no offense, get rid of the dog for now. give to a young family.

Almost nothing eats up spare

cash than a wonderful pet.

Get a phone with an answering

machine and stop answering

the phone--till u read on the

screen on the base, who is

calling.

luck!

Should I get rid of it or do what it takes?

You might have to either try to sell or rent it out to save your credit.