Call your lender, NOW, explain your situation and let them advise you. Short sale sounds like the way to go, if you haven't waited too long. If this is affecting your mental and physical health, cut your losses and move on. It's not worth it.
I don't know if you would even qualify to purchase another house right now but, again, talk with your lender. Maybe leasing for a while is the answer.
Good luck no matter what you decide on.
888.605.9190 ext. 1
All of the answers you've gotten on this site are good and you need to look at your options immediately. My only advice is to do something TODAY. Every day you wait puts you farther behind. Start with your lender and take their advice as to where you need to go next. Wishing you luck. Sorry you're having to go through this experience.
Trisha Lee REMAX Boone Realty, Columbia, MO
I can refer you to a finance company that works with people in your situation and to a short sale expert.
Please email me directly: email@example.com for the contacts. Best of Luck
I'm sorry you are experiencing this and especially your lack of assistance from Hope. They are very busy - are you sure they aren't working on it for you and just don't have the answers yet? Did they give you any indication of how long it would be for the next step, or even what the next step is to be? Has your lender contacted you to say if they are starting foreclosure proceedings yet? Lenders differ on how long they will let you go without paying before they do. It does sound like your best way to go may be a short sale, which is not as bad for your credit as a foreclosure. However, it may not be to that point, depending on how much you owe vs. how much it is worth in today's market. Without more details it is difficult to advise you. However, just moving out and walking away is not the answer. It can be overwhelming to deal with this, but deal with it you must, to save the biggest dents to your credit. You need to get with a reputable Realtor to advise you on what your home is worth in today's market. for a fast sale. I would be happy to help you or refer you to someone in your area.