I got a new job in a new location. We planned on selling our home and purchasing a new home in the new location. As it turns out, our home is $20k underwater. I'm not sure what to do at this point. I need some advice. I looked into renting it and using that income to get a new home, but have heard that that isn't an option anymore. I could do a short sale, but then couldn't qualify to buy a new home. I could foreclose...not something I wish to do at all. Anyone else have any ideas? The rental thing sounded great to me, in fact we did that about 5 years ago, but I was told by Wells Fargo that I would have to have rentals for the last two years. Quite frustrating.