I have a house I bought in 1998. In 2007 I bought another house and rented out the old one.?
My renter bailed on me and now I am stuck making 2 mortgages without being able to make both payments. I am 1 month behind on both properties. Is a short sale the best on the recent house I bought and just move into the old one. Other factors are the 1998 house has been refinanced twice but the house I bought last year is the original loan. Oh and of course I am upside down about 100k on each property. HELP PLEASE!!!!