Thanks, is there a legal mind that could respond? I am leaning towards advising them to let the home go back and having them rent for 2 years. Perhaps find a rent to buy situation on a townhome. Minnesota.
Would 2 years be sufficient?
Their credit is already in the tank because they have...
My parents had their income cut in half and can no longer afford their mortgage. They are upside down by 50-60k so there is little chance they can sell. I believe their options to be loan modification or foreclosure. Their home needs renovations as they have not been able to keep up on things...