I work in the Davenport area.
If you would like me to do a CMA for you just let me know.
I look forward to hearing from you.
The issue here is what are your options?
Just because the market shifts does not mean that you desevre a short sale. Normally a short sale is only granted if the owner is destitute financially. That is not you. You just got a new job.
So what to do?
I think you are an accidental real estate investor. If it were me I'd try to re-negotiate my loan. This is called a loan modification and lenders are kind of becoming accustomed to having owners ask.
In any event unless you are prepared to have your credit rating trashed, look in to renting it out. Talk with a local Realtor about market rents and also look into a local manager. I had the same thing happen to me...18 years later we discovered that we made a great choice.
Many lenders are approving short sales!
Then unload the property if you can't rent it or sell it.
You should contact your lender and explain the situation in full. Some lenders will provide you with a package of documents you will need to complete.
You will need to provide in addition to the financial information, possibly a broker's price opinion (BPO) (similar to a comparative market analysis or CMA).
The lender will probably require you to list the home with a real estate agent - be sure to select a real estate agent that does have experience in short sales.
Before you start any of the aforementioned you should consult with a real estate attorney and your income tax advisor to obtain a full understanding of the pro's and con's associated with a short sale as well as any income tax implications.
Real estate agents are not licensed to practice law or income tax preparation.