Walk now while you still can. Seriously.

Well, I take that back.

1st ask for a principal reduction, which you will probably not get. By doing that 1st you can at least say you tried.

When that fails as it likely will, then walk.

With a clear conscience knowing that you tried to do the sensible thing, but your efforts were in vain.

According to Nicole Foss, credit won’t be around much longer anyway, so don’t worry to much about your credit score.

Do what makes business sense for you and your family.