You are certainly not alone. There is a great deal of this going around lately. The single biggest question you'd have to answer is: Do you simply "want" to sell your place or do you "have to" sell your place. If your current financial situation will allow you to keep making the payments on your place and you simply want to move for personal reasons other than financial hardship then there is not much you could do. In that case, I would point out to you that even if you have to pay cash at closing to sell, you will be able to get such a bargain on whatever you buy to replace it that it may be worth doing so. If, however, you are financially unable to continue to carry your home and can prove it then it is likely that you might be able to negotiate with your bank to do what is called a short sale. I would love to discuss this with you in more detail. Please feel free to contact me and I will provide as much help as I can.