My husband and I moved from PA to Fl for his job. Now looks like the company won't last to the end of the year. We are current on our mortgage (with WaMu/Chase) but with the pending closing of his work we want to move back to PA where we know he has a job waiting-although we would be moving in with his mother. He gets paid 2x a month but the timing is always iffy. He didn't get paid at all in December. We bought the house for 215k, put 11% down and have a 1st (bal. 168K) and a 2nd (bal. 20K) so total (both w/WaMu/Chase) for 188K. Mortgage is a 10/1 Arm- interest only- set to adjust in 2017. We spoke to two realtors-both have experience with short sales and the 2nd realtor suggested trying to rent it. We spoke to an accountant and lawyer who both said to go for a short sale. The lawyer said that since we are current on our mortgage no bank would consider a short sale so to immediately stop paying. This seems crazy to me. Do I attempt to contact the bank and explain the situation? We have a 401k, IRA and pension-will they expect us to liquidate them to pay the difference between loans and buyer price-assuming we can get a buyer?