So, for those of you who don't know, I bought a house in 08, lost my job last July, moved out of the house last December, and am still in the process of trying to shortsale it.. which means, it's still "mine". Anyways, I now have another job, and I figured out my budget today that if they bank would lower the monthly payments by $300 a month and take what I owe them and put it to the back of the loan I could afford to move back into the house if I have a roommate. That's exciting on some level, but on another it will stretch my finances to the point where I won't have hardly any extra money at all to do anything.. no upgrades to the jeep, no trips, no going to movies but once in a while, no more eating out, I"ll be able to pay the bills and buy my groceries. Now, if I get two roommates vs one then that'll loosen that up a bit more. I figure, worst case I end up in the exact same position I am in right now.. And this is ONLY if the bank will do that for me, I"m gonna call them tomorrow and see what my options are.

Thoughts? Ideas?

Have you asked them if they'd re-fi it at a lower value? If you bought it in '08, I somehow doubt that it's worth that now, so they need to devalue it and refi it at the updated value. I don't know how to get a lender to look at it this way, but there are a lot of websites that explain it. You might want to call them, because they can't forclose/sell it for the amount the lent on it, they might be willing to talk to you. Just an idea, let us know how it turns out. d

Once piece of advice I can offer. acually two. One neve ever ever have a frind as a roomate. I mean NEVER. Second, your youny, live and have fun. If you get out from your house and not pay for it out of you A$$ youll be ok. Rneting a house you dont have to worry about your a/c, you paint on the out side, and now the new law if the owner gos into forcloser you have the right to get all your moeny for your deposits back. So you live once, live for it, dont be in a house you cant afford. And by cant afford, dont be a hermit. I was the hermit, luckly, luck was on my side and Ive got a great paying job that I can afford it now. But my jub is not guarenteed either. MY 2cents.