Well this has nothing to do with guns but a lot to do with my future plans. Hope someone out here has a solid answer for me. I want to sell my house but with this lovely housing market I do not stand a chance at breaking even. I have no trouble paying my monthly mortgage so I do not qualify for any type of short sale or government assistance program. I owe approximately $210,000 but around here my house would probably sell for $175,000 I think. My main question: what happens to the remaining debt if I sell the house? Do I need to get a personal loan for the remaing $40,000 or does the mortgage co. automatically turn the balance into a regular loan? If I want to buy a house at the same time I sell, can I roll the remaining balance from the house I sell into the house I buy? If this information matters- this is my first and only mortgage (Wells Fargo). I refinaced once about 1 1/2 years ago and bought it in 2008. I have not missed a mortgage payment and I live in WA. Thanks for any information. Hard to gather answers online rights now as everything I found only relates to a "short-sale".