Consider ALL YOUR OPTIONS - Dont just give up.
"Buying time to regroup may just be the remedy for your financial wounds."

The market will come back. In the event your lender only offers you a Short-Sale Option (Where you can't make any money from the sale of your home), you should consider leasing out the property until the market rebounds. If you know you need to temporarily downside and regroup or you just don't want to be in the home right now, why not consider this potentially profitable plan.

 (Gallup Poll Video on Economy Rebound), (Yahoo Finance "Market Bottoming Out?")

Call us today to discuss options that will work to your benefit.  Our attorneys can structure an agreement with your lender to avoid foreclosure and retain your hard earned equity.

However, watch out for the Scam artists.  
Here are some Common Predatory Scams as reported by the Georgia Department of Banking...

The lease/buy back scam: Homeowners are deceived into signing over the deed to their home to a scam artist who tells them they will be able to remain in the house as a renter and eventually buy it back. Usually, the terms of this scheme are so demanding that the buy-back becomes impossible, the homeowner gets evicted, and the “rescuer” walks off with the home and all of the equity.

The bait-and-switch scam: Homeowners think they are signing documents to bring the mortgage current. Instead, they are signing over the deed to their home. Homeowners usually don’t know they’ve been scammed until they get an eviction notice from the new owner.

Let a Foreclosure Attorney negotiate options that ensure your credit, equity and other terms are in your best interest with the bank.