Hi - my home is being foreclosed on next month -  by Countrywide - I did everything they asked - I even got two offers on the house - 1 was an all cash offer of $197K, however I owe 230K and they refused to do a short sale or even a deed in lieu. Medical reasons and unexpected death of boyfriend contributed to substantial loss of income so I can't qualify for a new mortgage especially since the house is only worth 195K now.    Both my accountant and lawyer told me to let the house go into foreclosure and advised to file a bankruptcy in order to wipe out the medical bills/and or debt forgiveness if house did sell short.  In my case it's better to walk away with my sanity intact and get on with my life.  Before you walk away, see your CPA! RE Attorney as well as a Bankruptcy Attorney, a therapist helps too.   Looking for a rental in Sacramento, CA , non-smoker, no outstanding bills, 1 small dog....... ... View more