To anybody who bought house in last few years and needs to sell it. If for example you have mortgage on your property for $300,000.00 and you know it is not worth more than $130,000.00 (not uncommon), please don't think that your only option is foreclosure and "praying" that your bank won't take you to court to try and make you give part of your earnings every week to cover the difference between your pay off amount and sale price of foreclosed property. Short Sale is the answer.