Are you firm on short selling your home? There is a strong demand for rentals at this time. It may be possible for you to rent your home, cover your monthly expenses, spare your credit, & "step down" to a more modest rental residence for yourself & family. Even if you have no desire to be a landlord, if the numbers work, I can manage the property for you. My fees would come out of the rental income.
This won't work in every situation. It's a numbers game but can be a very viable solution to someone who would like to save their home & sell in a better market. Short sales can be very stressful & will still damage your credit to some extent.
I am an agent at Prudential here in Southbury & a Southbury resident as well. If you would like to discuss this possibility, please contact me at 203-623-1713.