Any Mortgage/Foreclosure gurus?

Thanks for the comments.

OwdKasd said

You'll lose your down-payment if you walk away and will probably continue to owe Money. You really need to look at what the home is worth. Better to sell it than walk away in most cases. You need to talk to a Lawyer and find out your Liability AFTER walking away. I would live in it and tough it out. You gotta live somewhere.

Click to expand...

I would love to live in it, but the military has us three States away. The original plan was to move back in after retirement which is 9 years away because we love that area. We already knew we would rent it for less than the mortgage and adjusted to fit. What we didn't expect was the bottom to fall out of the housing market to this degree and our neighbors to run for the hills.