It is not an uncommon scenario these days.  A family is stuck in a property that they can not afford.   They can't refinance or sell because they owe more than the home is worth.   What do you do now?   The way I approach this situation is to start by trying to negotiate a loan modification with the bank.  If I can lower the payment to a level that the family can afford great, if not I can do one of two things.   One I can short sale the property and two I can negotiate a Deed In Leiu transaction.   Both options are better than just letting the bank take the property back.   A short sale is where the bank agrees to take a lower payoff than what is really owed allowing that stuck family to be free of that home and move on.  A short sale does hurt a persons credit but not as much as a foreclosure.  If you or anyone you know is in trouble with their mortgage please let me show them the options available to them.  Thanks.

Orville McCallister