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Sorry to hear about your unfortunate situation. You have a couple of options. The first would be to contact your mortgage company and see if you can qualify for a loan modification, so you can stay in your home. The second option would be to list the home as a short sale. Since you owe more than what the property is currently valued at, your mortgage company will be required to approve the sale of the home, they will also have to approve the agent's commissions, etc. If you do choose the short sale option, you may want to seek the advice of a real estate attorney, so you are educated on the process and how it will affect your credit. Best wishes to you.
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For Sale: $300,000
For Sale: $285,000
For Sale: $259,900