First off remove your SD Card. << MUST DO!
Hard reset holding Volume + , Volume - and Power Button at the same time. On boot option screen press Volume - and highlight Wipe/Factory Reset and press the Home button. If you get the Confirm Password screen just enter the password wrong 5x. It will then warn you that everything will be deleted from SD Card. Click OK and it will warn you a second time. Click OK again and it should now Erase your phone. Highlight Reboot and click Home button. You should now have a accessible reset phone.