What is the name of your state?Pennsylvania - I have taken a large cut in pay and can no longer afford my mortgage payments. My mortgage is maxed out and I will not be able to sell it for what my mortgage is. I would like to sell it back to the lender in lieu of foreclosure. There are no other liens against this property. Do you think the lender will go for this? Is there any advantage for me to do it this way, rather than let the lender foreclose. Hopefully, it will save my credit by doing it this way.