If you are not behind on it, I would recommend selling it instead of blowing up your credit with a foreclosure. Being a landlord is no fun, especially if you didn't set out to be one in the first place. It sounds to me like you are in "to heck with the cheese, let me out of the trap" mode, which is understandable. Have you tried to sell it yet and, if so, what is the results you have gotten so far? If I can be of any help, please feel free to contact me.