MM: Scratch that, I just called the collection agency (Van Ru Credit Corp) and only got 2 advertisements one for a law firm and one for credit repair. I then called Wells and they said they are no longer working with that agency, and “took the loan back”. I’m not doing a short sale, as other posters mentioned saving your credit is the only motivation for them and mine took a dive last fall, so it’s either loan mod or walk away. And since that house was a fixer at 580k I doubt we’ll be staying.

For ex. I just had to replace the water line to one of my toilets this weekend, and the retired plumber at HomeDepot laughed and said, these things used to cost .80 cents 30 years ago. Next purchase I plan on being much more informed with the help of this site.