Ok...Heres my Take because Im in a SImilar Situation right now....Ive been in my house for 10 years, and Ill be lucky to break even on it when I sell in the next few months as we are house shopping now. THe problem initially were the people who took loans that they couldnt afford, but now the problem is people, Like Brian, who CAN afford the home they're in, but are mad the market tanked, their property isnt worth what it was, and feel they should walk away. Way to Go Brian, Way to contribute to the downfall of the market even further. In essence, youre telling me personally to fuck off, and I dont like it. I am not gonna walk away, I bought a House I could afford and was a good deal 10 years ago, I added 25-30K into it, and it should have paid me back for these investments, until the bottom dropped out. Now I will be lucky to get what I originally payed for the place, in essence Im gonna lose $30K+ on this house. But this iis Life, and the market and it Sucks. In reality, your far from being able to even talk to a Bank about a Short sale as you are not at or near forclosure, and until you are, they wont even look at you as your not a risk of not paying. Its your Choice to do this, but if you do....I want to personally thank you for contribuitng to taking just that much more money out of the pockets of those of us that were intelligent with our finances.....Thanks again Brian.