When is the lease up? If it is soon, would it be possible to raise the rent for a new tenant to cover your mortgage payment?
I wish you much luck! Please let me know if there is anyway I can help you further.
Keller Williams Excellence Realty
Depending on how far you are upside down, I would continue renting for a year or two and then. Hopefully you will be able to sell and pay off your mortgage. Alternatively, you can look at selling your home and bringing money to the table to pay your shortage. Maybe the proceeds from your boyfriend's home will be able to pay off the remainder of your loan, then you can move on and buy a new house without the burden of the others.
Neither option might sound great, but it is not a good situation anyway you look at it.
Advance Realty Timonium
Some options available to you are contacting your mortgage company and explain your hardship to them and see if they will let you do a mortgage reduction.
You could sell the house as a short sale, however, that may negatively impact your credit. Most short sales negatively impact individuals credit because they are behind on their mortgage rather than the short sale itself, but that is not to say that it won't negatively impact your credit.
The third option is to do a deed in lieu of foreclosure. This should be your absolute last option because it will impact your ability to buy a home in the future.
For more information please feel free to visit my website below .
June Piper-Brandon CDPE, CIAS, ePro
Advance Realty Professionals