Live in a declining urban area - House worth what we owe?

If you can prove you are insolvent, meaning your debts outweigh your ets, then do a short sale! The lender will pay the agents commissions, the lender will pay the closing costs, back taxes and your attorney fees. You walk away making nothing, but usually owing nothing and getting a release. You NEED a very experienced agent that specializes in this field and has a good closing ratio doing short sales. If you need a referral for an experienced short sale expert in the Cleveland area, email me.