One option that isn’t often brought up in discussions about what to do with an underwater home is renting it out. Most of the time, Las Vegas homeowners hear the virtues of short-selling or offering their deed-in-lieu of foreclosure, but renting has some benefits (and drawbacks) that are worth knowing.
Renting out an underwater home might be a good option if you don’t plan to move away, but whatever you decide to do, it’s best to consult with an experienced Las Vegas bankruptcy lawyers beforehand to assess your options.
For more questions about bankruptcy in Las Vegas, please feel free to contact an experienced Freedom Law Firm Las Vegas bankruptcy attorney for a free initial consultation. Call us at 1-702-803-9251 to set up your free consultation.