DJNinSD, one more thing. I would advise against trying to work out a loan adjustment with the lender. The reason is that you seem to be in way over your head. It doesn’t sound like you have the background knowledge to be able to analyze the economics of owning a home. That’s how you got into this terrible situation in the first place. So I’m afraid that if you start negotiating with the lender, you might agree to something that doesn’t make any financial sense.
My advice is that after you walk away from your home, you continue to read piggington’s and learn more about real estate. Continue to educate yourself. One day, there might be good opportunities for you to become a homeowner again. When that day comes, you’ll have the knowledge necessary to see those good values and make your move. Until then, save up and take care of your family. I wish you the very best.
