Trulia does not except for sale by owner. There are comopanies that will charge you and out your add on this and other sites though. This is the q and a section. To reach customer service scrill to bottom right and click on help center... more
If you lived in Michigan; you may have problems with regard the DEFICIENCY on the old house:
Michigan is a RECOURSE state, and your Lender can file a Deficiency Judgement against you for the deficit.
This is really unchartered territory, and we could advise wrongly; so I won't try.
If you do try to do a Shortsale; try to get a letter from them absolving you of the debt.
If you try to rent/lease it out, be sure you are Okay with the Lender as most require owner/occupant.
If you can hold on to it, weather the storm, until it is worth what you owe; that would be preferable.
You might consider holding off tranferring the title, until you know you won't be losing it in a Judgement.
Probably not a great idea to start out telling potential lessors/sellers that you have bad credit. Unless you have a substantial down payment, I believe that it will be hard to find a seller who will trust you to make your payments (with a bad credit rating) and care for the property in the event that you have to walk away. However, there are still people in Newaygo on the verge of foreclosure, and they may be willing to take a chance on you.
Remember, that a lot of people equate 'bad credit' with 'bad person', and that's tough to overcome; good luck in your search; hope you find a good spot that you can make your own.... more