Since the beginning of December, I’ve advised 60 people to walk away,” said Steve Walsh, a mortgage broker in Scottsdale, Ariz. “Everyone has lost hope. They don’t qualify for modifications, and being on the hamster wheel of paying for a property that is not worth it gets so old.
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No Help in Sight, More Homeowners Walk Away - CNBC
Man, it’s a scarey world we live in. You used to be able to count on land/home ownership as the one investment that was stable. Now, not so much.
You have to remember, it’s only a house.
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