Talk to an accountant also besides many fine Realtors on this board who know short sales.
Thoroughly, otherwise a bankruptcy faces you, two to three years out.
I am experienced with short sales and am active with buyers in Northridge. Perhaps I can be of assitance. If you google my name, you will come across some short sale tips. With a few screening questions and your address, I can check the title and see if a short sale will be possible.
You need the services of a professional Home Retention Consultant and Loss Mitigation savvy before you take any further step. Feel free to contact me with no commitments from your part, I will analyze your particular situation to give you the correct solution.
Please contact me at 818-674-8131 and perhaps I can guide in the right direction.
18860 Nordhoff St.
Northridge, CA 91324
We work out of the Keller Williams office in Hollywood Hills. Our office negotiates with many banks to agree on short sales. If you are interested in talking to us to find out more, please feel free to give us a call at your convenience.
You could learn more about us at http://www.myLARealEstateGroup.com
Lou and Alex
LA Real Estate Group