We are about 2-3 payments behind on our mortgage. The mortgage company has us on a program where we will pay an amount 0 more than our monthly payment for 3 months, from there as long as we can pay tnat amonunt they will see if we can get some sort of loan modification, but I dont think it will lower our payment in anyway. As it stands my husband took a 00 a month pay loss and our house payment went up. Our home is worth 0K LESS than what we had bought. I dont see us being able to do it at all. We were thinking of doing a short sale or a deed in leiu of forclosure but not sure what the details are of either one. How does one go about doing this? Will it leave a black mark on our credit? I hear so many different things.