What are you plans? Do you plan on staying in the home? Can you make the payments? Being underwater is one thing and you certainly are not alone in that. The problems come in if you can't afford your payments or HAVE to move. If you are not planning on going anywhere and you can make payments then update the kitchen as you are able. If you are underwater, need to move, can't make your payments then your best play would be to consult with a Realtor to come out and look at your home to tell you what steps can be taken. Make sure that Realtor has a strong understanding of the market in Villa Park and short sales if that is the situation you find yourself in. Make sure they can put together a strong team including a real estate attorney that you have a good feeling about. If you must move make sure you feel comfortable with whomever you choose to work with and remember that you are the homeowner and you make the final decisions on what needs to get done. Best of luck.