Best Option - Short Sell, or wait?My (now) wife purchased a condo back in 2005 for 267k, and it is now worth maybe 100-110k. I'm not on the title to the condo (we weren't married at the time), but she had to have her dad cosign so he is on the title as well. At the time we put a 30k downpayment on the place, but with it being so far underwater it doesn't seem worth trying to wait for it to come back.We both work far away from where we live (50 miles for her and 70 miles for me 1 way). I got my job after we lived there for a few years and she has always had the 50 mile 1 way commute. Both of us would like to move someplace that is closer to work, but with owning a condo we can't get out from under it doesn't seem possible.I'm thinking it would be the right thing to short sell the condo and go rent someplace for the next few years while we try and save up again for a down payment. Or is it just better to stick it out until we've got enough saved up for a new place first, then rent out the condo or sell it then?October 18 2011 - Mission Grove00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.