Just based on that information, I think throwing that monkey off your back may give you great relief. It is difficult to visualize any scenario that will be profitable for you. Just try to walk without getting hurt by tax consequences. If you have any recourse loans (HELOC, Second etc.,) you have to be a lot more careful and anyway you need a RE lawyer. If you have other serious debt problems, you should seriously discuss various bankruptcy options with the attorney too. You should not make any life changing decisions based on any advice from this board.
