Facing foreclosure?  Have you thought about negotiating a Deed in leiu of foreclosure?   What is that you ask.   It is possible to negotiate with the bank and deed the property back to the bank in trade for forgiveness of the debt.  Why would the bank do this?   Well I am sure everyone here on the rain has shown a REO listing that got the brunt end of the former owners rage and aggression.  Well one of the most important things in this negotiation is the promise to give the home back in good condition.  It is a much more civilized way to lose a home.   This is not as bad on your credit as a foreclosure but it does still hurt you.   Most of the damage comes from missing your payments.  The first payment you missed was about a 50 point hit to your credit.  Ouch right.  If you are facing foreclosure or know someone who is there are options.  I help people just like you all day.  Giver me 15 minutes of your time to see if there is something that I can do for you.  The consult is free and you have nothing to lose,,,,,except your home