Before you jump to the conclusion that a foreclosure is your only option, or the easiest/quickest way out of a difficult and stressful financial situation, think again! A short sale (short sales allow a homeowner with a legitimate hardship to sell their property for less than the balance of their mortgages) can be a viable alternative to foreclosure and one that bears serious consideration. Consumers often do not realize that the ramifications of a foreclosure are very different than those of a short-sale. See my web-site at http://www.investments-in-foreclosures.com/top-10-reasons-to-avoid-foreclosures/ » to Bob Diamond's Real Estate System. If you are a serious investor, this can be your ticket to financial freedom.