I know personally of one walkaway in my neighborhood and have heard of two others through the grapevine. As a previous poster noted of her neighbor, it’s a business decision.
There’s no doubt for those with zero-down, non-recourse loans and no looming 1099, there’s a strong incentive to walk away.
When the subject has come up in my neighborhood, I usually offer defaulting on the second TD as the better solution.
