There's no place like home

Zelda and I met with the Short Sale expert last night.
He's got a nice system down and seems to know his stuff.

He does not seem to think, with the rate we have, that we will be able to renegotiate the loan payments. He did not recommend, but did suggest that short sale would be the better route to think about.

Since we are current with all our bills at the moment, he can't do anything for us...
Is that crazy or what?

We would have to miss a couple of payments.
Not a problem in about two months...

We would then have the leverage with the lender we need to get the short sale and would have about 45 days before we would have to move...

Problem is, our rental is in our name and not yet protected from our personal finances.
We could potentially lose both homes...
Texas has homestead exemption which protects primary residences and autos, etc. from just about everyone but the Federal Government, the State, and our Home owner's association...

We have our first meeting with our real estate coach this Friday and will see if he can offer a suggestion. We would have to evict our tenant to claim the rental as our primary and that is unthinkable to us...

March, April (baby), May, June, July move out...
August, September rental available...

Zelda is thinking about meeting with the VP of her main client to present her advantages as a contract employee. They actually make money on her when she works due to the type of client contract in a addition to the fact that she has no overhead burden to them...

She has to decide if she wants to use this approach...