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Many Americans are facing foreclosure today. The families bought homes a couple years ago expecting they be able to flip in two years, but can’t the current market, or found themselves over their heads and an adjustable rate mortgage that is transformed into out-of-control payments they can’t afford. What do you do when you need to get out of your home but it’s worth substantially less than what you owe on it? Many people wonder if they can just let the bank foreclose but worry about the consequences. While a homeowner can always let the bank foreclose, your credit score will be negatively impacted and depending on state laws, the lender may be able to sue you for the balance owed on the mortgage. However, there may be circumstances in which you can seek some relief and get out of your house debt without too serious of consequences. Contact an experienced attorney to determine what relief may be available for your situation. An attorney may also be able to help you negotiate with your lender to achieve a resolution.