Husband lost job early 2008 - had first child 2008
Tried to work with mortgage company for a loan modification on my own for a year with no luck
Hired lawyers to help me get a loan modification for a year with no luck
Really do not want to stay in the house anymore (1) its turning into a bad neighborhood (2) I don't want to give anymore money to this company who cannot help me with a loan modification.
I cannot afford a bankruptcy, after days of searching for affordable help. So can I just walk away from it all? The only things I would walk away from is mortgage, 2nd mortgage, and one credit card - all totals $110,000. I would of course keep paying my student loans, but that's it. How long would walking away without filing bankruptcy hurt my credit? I only have $3500 in assets.Served foreclosure paperwork right before we hired lawyers in 2011 and previous lawyers told me I am in the beginning of phase two in foreclosure. Been in the home rent free (only had to come up with the funds for the lawyers to try and save home). I do not want to waste anymore money on these issues. Wish I could file bankruptcy on my own, but I have heard it is hard. I just want to walk away and start new. What is the statue of limitations if I were to walk away (how long would I have to worry about them coming after me to sue? And how likely is it they would come after me?