I apologize if someone’s already mentioned this but what the loan workout or short sale may do is buy you some more time. You can always let them know you can’t afford your payments and want to do a short sale… You don’t have to be current on your loan to do a short sale and actually, they are more willing to work with people who can’t make the payments. Sometimes just seeing that you’re trying to do a short sale is enough for them to postpone the inevitable at least for little bit. Out of curiousity, can I ask who your lender is?
