Housing woes are quite common nowadays, and it is an unfortunate fact that some people have to deal with. Fortunately though, it is not the end of the world for you, as there are some steps you can take to save what's left.   The most practical thing to do would be to sell your home. Make sure that you do your best to sell it for more than the amount you owe so that besides being to pay off your debt, you also have some spare money for basic living expenses and finding some alternative place to stay - whether for apartment rental, buying a new but much smaller and low maintenance home. Before you actually get foreclosed, there is a window of time you can use to make the necessary arrangements to sell your house as well as accomplish any other tasks you need to do.   When facing foreclosure, it is best to avoid making hasty decisions as well, so you might be better off researching a bit for other possible solutions if the above does not apply to you. If you are fortunate enough to know someone experienced or specializing in the area, you should ask him or her for advice on the best possible course of action.