Thank you to everyone who is answering my question. Here is some more information. My husband is taking a new job at a VA Hospital (he's a clinical psychologist) --it's not a transfer. They have told him that relocation assistance is not included with the position, but it may be negotiable. We understand that we owe what we owe on the house and do not have any desire to hurt our credit or "cheat the system." Leasing the house is a possible option, but I have a lot of concerns about it. I've talked with a broker who is able to set up a "short sale" WITH a low-interest loan for the difference (we will not ask the bank to assume the difference). I'm not sure we can afford this, but if we could, how does this type of short sale affect our ability to get a loan on another home in our new location?
We prefer to sell the home conventionally and we have a child who will be starting school in early August, so we would LOVE to close by the end of July. If anyone out there has a qualified buyer who might be interested, here are the basic stats: It's a split-level built in 1965 with 1868 sq feet, 3-4 bedrooms, 1 full bath, a 3/4 bath and a powder room, eat in kitchen, LR, DR w/ french doors, and office/playroom. Wood floors, tile floors in entry and in the eat-in kitchen. The lot is appx 8000 sq ft. The asking price is $205,000, assuming there will be negotiations. In Oct 2007, the home appraised for $210,000. Northglenn is a nice, well-established community, and has the benefit of being one of the closer commutes to Denver, but also with quiet suburban streets. We are in Adams 12 school district. I'll be glad to provide more information if desired. Thank you for all your objective advice and best wishes.....this is a great resource!