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You are still way, way underwater. Live rent free as long as possible, then let it go.
Be sure to check all of the downside risks and legalities for your situation. It is a standard business decision.
I the loan were 20 percent above reasonable equity evaluation, I would make the payments, but not at that loan to value ratio.
Stay until evicted. Store you truly valuable possessions. Sell the rest of your treasure(Trash) & be prepared to move quickly.
dear Wall Street: Here's a gift for all those great things you do for all of us, $400 per month.
dear Property Tax Collector: we know the Civil Servants in our county work very hard for their employee benefits. It's a privilege, as a homeowner, to make the annual tax payment.
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What would you do?