My property recently sustained major damage due to bank erosion caused by hurricane flooding. The house is now teetering over a cliff and may not be habitable. Erosion wasn’t a part of my homeowners policy, so I’m left with a 6-digit mortgage and nowhere to live. I’m waiting to see what’s available as far as Federal disaster relief, but here’s what I see as my options: A) repair and rebuild, B) go belly-up on the mortgage, C) short-sell the property. Option A is financially unrealistic. Option B will wreck an immaculate 40-year credit history at a time when I’ll need it the most. I can continue to make payments for a while, but it doesn’t make sense to pour $ $ into the property indefinitely as it is. My question is: How would short selling affect my credit? Are banks apt to work with me on this? Any advice?