If your serious about saving your credit the road less traveled but still the best for all parties is Short Sales.

It is the best way to deal with not being able to make your house payment. This method does take time to complete

but, all good things do!.  You need to act responsibly when you can no longer make payments.  You have to be honest and you

have to MOVE FORWARD and just sometimes you have to swallow your pride!.  The benefits in this type of transactions save money.

Short Sales take place before the foreclosure and the point is to save your credit!  Timing is everything!  The way you act and your honesty

is enabling you to deal with the bank.  Help walking through all this available. You don't have to do this alone.

Cuertesy of Leelanau and Benzie Real Estate.com