Should I let the bank foreclose? I have a very high credit score, but the house has a huge foundatio

[Anonymous]

I owe $ 92,000 and the house would sell for about $ 120,000. The foundation fix (with helical piers) will cost close to $ 25,000. I might be able to scrape the money together to pay for the repairs. This is a rental house. I own 3 other properties and I don’t think I’ll be looking for a mortgage in the near future. How long does a foreclosure stay on your credit score?
Note: The piers to which I refer are an expensive “fix.” They are large, substantial poles literally screwed into the ground until they hit bedrock. I had this done to one corner of the house 6 years ago. They went down over 40 feet, but that corner of the house hasn’t moved. The house, itself, is a large, 2 story all brick, no siding…very heavy.

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