I bought a house in 2007. Ten years later it still is not worth what I owe on it. Sometimes the market doesn’t recover.

I’ve wanted to move somewhere else for at least five of those years. I finally have, and my options with the old house are either to rent it out (rent would not cover mortgage payment) or try to deal with the bank to avoid foreclosure, via short sale or deed in lieu. In any of those cases, now I have two problems.