If you want to establish your home's value, you may want to go to this website:
I know it says only Tennessee, but I have used it before for other states and still gives great results!
Otherwise, I am good friends with the CEO of an incredibly highly-rated national mortgage company, iServe Residential Lending. If you are interested, I could refer you to speak with him about what might be the best for you? I refer all of my own clients to them, and could not recommend them highly enough. Just shoot me an email at: firstname.lastname@example.org
You may also gain some equity between now and then as you pay down your balance with regular payments and the market continues to rebound.
Have you had a professional give you an opinion of what your home may be worth? It's always good to know the facts before making a big financial decision that could affect you long term. If you'd like a free market analysis, feel free to contact me. 616-292-8429, JuanitaBuskard@Remax.net
A short sale can be a good option to avoid foreclosure. I am a Certified Distressed Property Expert and have extensive training in short sales. Feel free to call me or email me to discuss specifics. I can help give you an estimated value on your home and see where you stand. Carrie Girman, RE/MAX Lakeshore 616-848-0166, email@example.com