Garry. your situation is not an isolated case. I have found many investors and builders who have built on the projected future market growth to be really hurting today. As a suggestion, you might try an Auction company in your area and discuss possibilities with them. I have observed that many investors who built in FL are going into bankruptcy to save their personal residence from loss in a bankruptcy situation. If you sell it on the short side, and you can list it that way after discussing the issue with a knowledgeable banker-attorney, at the price stated in your question, there will be a financial shortfall that you will have to absorb. Can a lender go after your other assets? I think that if you will refer to your lending documents that you received from your lender, you will find the answer to that question, and usually, but not always, lenders will come after your other assets unless that with a good relationship with your banker, they are willing to refinance and provide other options for you to help in this trying market situation. It's difficult to resolve this without positive conversations with your banker/attorney, and others in your circle of influence, and that is where I would start. Hope this helps you.