Tight spot

Sphere of concern....
everything 'out there'.
ie. banks and politicians robbing us blind thru printing money...

Sphere of influence...
"what I can do".

Move Rental out of our name and protect it.
Negotiate with our home lender for a reduction in payments (something!).
Maybe even sell this house and move back to the rental.

Sphere of concern
Values have fallen and we owe more on the house than we can sell it for.

Sphere of influence...
Short sale the home...

Sphere of concern...
Those with more than one home do not qualify for Government forgiveness of "capital gains" in selling for a loss...

If we short sell this house, we may not have that house to go back too!
(fortunately? we owe more than they could sell it for as well and so there might not be much advantage in their trying to take it...)

Crap!

Fortunately, if you pay cash, folks don't care what your credit's like...

Sphere of influence...
Baby time...