[ShortSaleHelp]

I lost my job in June and have actively been seeking to replace the $150K income I was receiving. There simply aren't those jobs out there in this economy. I have been out of work now for five months and have blown through my savings. I have a 1st with Wells Fargo for $540K and a 2nd with Chase for $82K for a total of $622K. My home is now worth approx. $500K. I am about to take a job where my household income will be about $85K. I will be eligible for raises every 6 months and hope to soon get back to paying regularly for my home. My fear is that I'll fall behind in my payments now and the new job will not allow me to make the same payments I've been making forcing me into foreclosure. The home would need a lot of work to even sell for market value so both Chase and Wells Fargo would be taking a substantial hit if we had to go through foreclosure. It would be far better for everyone involved if we could find a way to pay the mortgage and work within the new income to keep us in the home.