Dealhunter, the 2nd I have is a HELOC – I wasn’t aware that that debt wouldn’t be handled like the 1st with a foreclosure. Running Bear, I do have one visa card with a balance of $11,000 and it is currently at 0% on one of those 6 month promotional rates. I would think so long as I stay current on those payments they would not be able to raise the interest rate? I am considering the implications of losing the tax writeoff – roughly, I would have to pay $700 a month more in taxes.

It’s nice to know that there are some people in my camp! 🙂