Upside down, want to sell and PAY THE DIFFERENCE

george999 · Joined: 22 Dec 2007 Posts: 2

I don't understand something. I called my mortgage company and told them that I might want to sell. I am currently upside down about -$60k.
They kept trying to push me into a short sale. It's almost as if they want me to screw them.
I want to pay what I owe. I want to pay the $60k difference. The only catch is that I want to pay it in installment payments. They refused telling me to do a short sale. Amazing! The banks and economy are hurting because of all the foreclosures, short sales, bad debt, etc. Here they have someone that wants to pay, and they refuse.

Theoretically, the $60k would be an unsecured loan, so I understand that reluctance, but they have nothing to lose. If I do a short sale, they will never see the $60k.

Is there anyway to do what I want? I just want out of my current house without hurting my credit. That's the bottom line.

I could rent the house out which by market value vs my monthly payment, would put me down $1000/month. Give or take if I take a $60k loan for 10 years would also be about $1000/month to pay it off. But I just don't want the hassle of being a landlord.

Any suggestions?