Selling the house and renting it back while at the same time benefiting from the freedom that comes from letting go of oppressive and continuously mounting debt cannot be underestimated. With this sell house and rent back option, you will stave off foreclosure, prevent the pain of having to face the very real possibility of bankruptcy, get rid of a mortgage that no longer works in your best interest, and set yourself up for future homeownership by keeping your credit record intact. At the same time, you will not have to face uprooting your family and moving them to neighborhoods that either have no appeal but are affordable or those which are too expensive and you can only afford a small abode that does precious little to accommodate your growing family needs.