Your situation is tough and you need professional help navigating through this. As I interpret your question, you are a homeowner in an area that requires hurricane insurance and because of this you can no longer afford your house payment. If that is the case, and especially if you find that you are falling behind on other payments, you are going to have to have your lender either modify your payments or do a short sale. A short sale is where the bank agrees to accept an offer from a buyer at a price that is lower than what the payoff is on your loan. Most of the time this price is also lower than market value, which makes it a great deal for a buyer. Sometimes, depending on your financial situation, your lender will require that you make some additional payments but this is not usually the case. It all depends on what you owe in total and what you can afford. You have to act fast, though, before foreclosure notices start or right at the beginning of that process. Often, once you receive that first foreclosure notice you only have 3 to 4 months before the property is sold at auction and you have to move. Foreclosure dings your credit badly for about 7 years, where a short sale hurts you, but not nearly as much. You need to have reators involved in the short sale process who know what they are doing, as the work and paperwork and knowledge required is complex and time consuming. I work with a team of agents who are specialists in short sales and can help you immediately. I am not on this team, and I don't usually work short sales, but I can tell you that they are excellent and I will be happy to refer you to them. If this is your scenario please call me at 251-367-3602 so that I can connect you or email me with your info and I will have them contact you. These folks have an excellent track record of getting short sales closed and negotiating with your lender to help you get your home approved for a short sale. If you talk with your bank about modifying your loan payments please begin right away, as the longer you wait the less control you have and the less time you have to make a short sale happen. I urge you not to delay. Even though the situation may seem difficult the best thing is to take action and move forward so that you can move on.