What do we do with the house, foreclosure, short sale, what?


My aging parents need to move closer to me (they are 800 miles away). They have a home but owe about what its worth or less. They couldn’t sell it and pay a realtor and closing costs. They are current on payments and can just barely afford them, but what they need is to be close to us. What do they do? When they do move, they are going to rent an apartment and not buy again. What options are they and what is the timeline on them?

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