I think that if you have a choice to wait a few years, you can probably get out of your condo without taking a loss or wrecking your credit.
You are on a good path with your savings. Keep it up - you'll need a lot more when you have a kid.
Lots of people are doing short sales because they are in desperate straights. You are not and can obviously afford to stay in your condo. Wait it out and protect your credit.
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