Should I rent out my home or try to short sell/foreclosure?My family and I bought our 3-bedroom, 2-level townhome in 2006 for 359K. We have been current on payments even even before our modification and the current low interest rates (interest-only ARM). The loan is in my name only. My wife and her parents are purchasing another home in another heighborhood in order to combine resources and help them in their retirement years. We plan to move in that home. I have noticed houses in our neighborhood selling for around 245K so it was suggested that we rent out our current home. I am not sure about having to continue to worry about a home that will probably never resale at the value we purchased. I would appreciate some suggestions on what we should do in this instance. Thank you.February 06 2012 - Centreville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.