Generally, banks do not want you to go to foreclosure, the home will then become their liability.  If you are interested in hearing more about this process from a local real estate professional, click on the link to visit BarbHendersonShortSales.com.  It is there where you will be able to further educate yourself on the process of Short Sales. I also urge you to call me for an appointment to learn more about options that you may have.