Should you short sell your home? That is a personal question. It depends on your situation. Did you over borrow and plan to resale for a profit? If so a short sale may be your only recourse. If you just fell on hard times and your home I getting foreclosed I would work with the bank to keep the home. If you have otherwise good credit then you may be able to refinance at a lower interest rate and lower the payment into something you can afford. The best way to go is a personal decision and you need to know your options. Hope you can have a Home For Life.