July 19th, 2010 | 
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Dave asked:
My wife and I are in the military, we left our house to move overseas and have been unable to sell our house, we bleed out the monthly payment +utilities every month. This house has been on the market since Feb 09 with multiple price reductions, even if the house sells now we have to come out of pocket 10k. We are wondering what the best approach is, I dont know much about forclosure or what happens after. Will they come after our savings account to settle the debt? Any info would be appreciated.
Dave
My wife and I are in the military, we left our house to move overseas and have been unable to sell our house, we bleed out the monthly payment +utilities every month. This house has been on the market since Feb 09 with multiple price reductions, even if the house sells now we have to come out of pocket 10k. We are wondering what the best approach is, I dont know much about forclosure or what happens after. Will they come after our savings account to settle the debt? Any info would be appreciated.
Dave
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The bank of course you can barely keep paying for it in turn saving your money from this but at least you should contact local agency to the bank of course you wouldnt have to keep up then that may be.
The need of realtor.