Decreased value and no optionsI purchased my home in August of 2007 and since then as we all know the market has fallen. I was approached about another home that needs work and will be financed through a friend. What can I do with my current home to get rid of it? How do I go about a short sale? What about foreclosure? I owe about 20k more then what the value of the home is. How can I do this and not screw my credit up? Please help!!!!!!!October 22 2012 - Wilson0YesReport 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.