With President Bush's recent signing of House bill H.R. 3648 Mortgage Forgiveness Debt Relief Act of 2007, the market has been flooded with ads and articles about foreclosure relief, short sales and tax credits. As always, read the fine print. If it sounds too good to be true, maybe it is. Don't do anything drastic until you talk to a Realtor, who understands the new law and is willing to help. The Realtor should not charge you a fee. Talk to a real estate attorney (they may charge a fee for the initial consultation)
There are charletons out there. Be careful!