How to get out of properties

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Posted by DB on November 20, 2009 at 13:05:06:

I have 3 houses and a 4-unit apt. building and they are eating
me alive right now. I'm current on all of them but have been
eating a lot of money every month and my payments just went up
on all of them and I just can't keep up. The apt. building is
the only one that I have some equity in. The market is dried
up, no buyers, plus I have tenants in some of the units which
makes it harder to sell also. My question is how do you get
out from under something like this? I also live close to an
hour away from the properties. Any suggestions on how to
handle this? I'd be willing to lose some just to be rid of
them but don't even know how to do that. Thanks for the help.

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