I mentioned in a previous post that we had our first mortgage and heloc with CW which both were discharged in a chapter 7 bankruptcy back in 2006 (both never reaffirmed). We have continued to make our regular payments and have never been late. We have already made a decision to let the house go so we can relocate to another part of the country for financial reasons. Our house is under water for about forty thousand dollars. Being that we have a bankruptcy already on credit reports I am concern that another public record will even tank our scores even further. Would we be better asking for a deed in lieu of foreclosure or list it with a realtor for around ninety days after we move out for a short sale. It would seem crazy for CW to go to all of the trouble and expense to go through foreclosure when they could get the deed in there hands quickly. Any thoughts...?