Short Sale Department, LLC
Your best advice would come from an attorney or accountant. Let them guide you through your choices. I can refer you to an attorney if you decide you need to declare bankruptcy or to try to do a short sale on your property.
The person who is not on the mortgage should not add to your assets nor should their credit be affected if you file for a short sale on your house.
If you try to do a short sale there should be no costs to you when you hire a Realtor to process the paperwork. We would get paid at closing by the bank that currently holds the mortgage.
Please contact me directly if I can be of further service. I am located in Boynton Beach and will be happy to help