First of all, it is always best to have a Realtor conduct a CMA (Comparative Market Analysis) to determine what the current value of your home is. From there, we can determine if you have potential for needing to short sale your home. When considering a short sale, there are a few things that you need to keep in mind. 1) every short sale is different in how they work. There are many factors involved, but the main factor is the lender that holds your mortgage in terms of how easy they are to work with. 2) DO NOT BE AFRAID! Selling your home in a short sale is MUCH better than letting your home go through a foreclosure. Your credit will still take a hit, but not nearly as bad if you let your home go into foreclosure. 3) Be sure that you choose a qualified agent with a PROVEN track record of successful short sales.The bottom line is this... Don't let the term short sale scare you. This is something that you can recover from. The most important decision that you will make is by choosing a qualified Realtor to handle the whole process.