Whether or not this is a moral vs. immoral decision, I too lost my house about 9 months ago. The wifes company was sold and the whole staff layed off. She had 11 years with the company. All I asked for was a little help on my monthly. I made it clear I had no intentions of walking away, didn't care that the house was now worth -50%, didn't ask for my loan to be changed, I just wanted some help with my monthly payment until she was able to get back into another job. They strung me along for 5 months before they basically told me tough ****. The house sat vacant for 6 months before it finally sold again. Do I have a little resentment towards the banks, yes I do. Not everyone decides to just walk away because of a loss. I did everything I could to keep it and still got stiffed. Or at least everything I could with the knowledge I had at the time. This is why I'm taking this Investing 102 thread so serious, NEVER AGAIN will they play me for the fool.
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Jose
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