Posted on June 28, 2009 at 11:13 pm
My vote is to sell it. Technically, since you are still paying mortgage, it is not your home. If you stop pouring money into a house that you'd eventually lose anyway-giving your amount of debt and the ages of your children (they'd need your savings for college). Losing that house is not the end of the world, it is the beginning. You mentioned that you need a lifestyle change too-then it's going to need a new environment, a new set of realities. You can make restoring your financial health your new goal. Good luck!