i have negative equity in a house in the usa, but back in the uk recently, should i abandon it?

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i have negative equity in a house in the usa, but back in the uk recently, should i abandon it?

the prices are plummeting and i'm better of in the uk financially now, should i go for bankruptsy here, would that affect me in the uk?

2007-11-09 09:17:00 · 3 answers · asked by Martin D 1 in Business & Finance ➔ Renting & Real Estate

3 answers

I do not know about the credit reporting in UK but as far as what to do with the property with negative equity, I would recommend letting it be foreclosed. You do not have to file bankruptcy for that.

2007-11-09 10:07:47 · answer #1 · answered by fijian 2 · 0⤊ 0⤋

I don't see how it would affect you in another country. Have you considered a short sale?

Regards

2007-11-09 19:32:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋

rent it or give up for a nursing home and write it off

2007-11-09 18:52:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋