Any Mortgage/Foreclosure gurus?

Anyone have any experience with getting out of a mortgage?

Six years of watching our house price sink through he floor while paying BofA , a major reason for that sinkage in the first place, is getting old. Short sales are plaguing the neighborhood and we currently rent it out at a $700 loss each month when we can find renters. It's about 2/3rds upside down at the moment.

To be clear, we weren't sub-prime borrowers, flippers, or gambled with an adjustable APR. It was just that time in our life where we wanted to buy a home to have kids in. It just happened to be the worst time in history to buy one. We bought one under half of what we qualified for and did a standard fixed rate VA loan. We even adjusted for if we got transferred and had to take a loss.