Having to contemplate selling your house for less than you owe is never an easy decision. It affects you on so many different levels. Many people will just ignore the situation until they are forced out of their home.
In fact, the numbers indicate that 1 out of 4 homeowners do just this. They do not seek out the advice they need. Like I said, it affects you in so many ways, it seems easier to just walk away.
Please do not do it. At least consult your accountant if you have one.
Also, contact me, for I can at least help you to make a knowledgeable decision. Do your homework first and then decide. I am here to help you.
Also, if you are looking for REO'S, short sales or just regular priced homes, there are lots of opportunity out there. Do not miss out on this market. At least check out the market and do not delay.