1. Short Sale. If not work, try 2.

1. Short Sale has a shorter impact on your credit. I think the seasoning is 2 years now according to the new law. But check it out yourself. Do your own due diligence.

If 1 is not workign out for you. Try 2.
#2 is a complicated issue. If you have financed, then the bank can come after you. Only if it's your purchase money (not refinanced) then you are protected. Also it differs from state to state.

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