to move elsewhere. Even if it’s a heartbreaking solution, with a lot of negatives to throw in the mix, there might be cases when the bankruptcy or foreclosure can be the best long-term option for your family. But before you take this absolute last resort, try hiring a different but professional, high- performing real estate agent and list your house again. There are great agents who specialize in helping owners in your situation. Millions of people all over the country are in the same situation; you’re not alone. Don’t lose hope, and try to find the best way out in these difficult times. Don’t forget to take advantage of the tax benefits offered by homeownership status. An effective Realtor® can provide you with more information on this. For example, if you are a couple, you’re allowed to exclude as much as $500,000 out of profit from capital gain taxes, as long as you have lived in that house for at least two out of the five years leading up to the sale.
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