You are not Alone if you owe more than your Home is Worth
According to Corelogic and KCM, up to 1 out of every 5 homes in NJ has negative equity–the outstanding loans total more than the current market value for the home.
So, you are probably not alone if you are frustrated, challenge and curious about your options.
As a SFR designated Realtor, I am apprised of the mutiple options available to you incuding ways to keep you home and ways to short sale it, if you are unable to keep your home.
And, as an agent that personally experienced a short sale as a seller a few years back==which is what inspired me to get into the Real Estate business==I can assure you I am incredibly empathetic to your feelings and situation.