Walk Away From Mortgage When It Makes No Sense

$355,000 ???!!!

Anyone else thinking prices are out of line? It's a cottage not a house. 

Stick it to your bank!! They're all crooks.

Send all the bills to Chris Dodd and Barney Frank, they are the two who created this mess, let them pay for it.

Dont forget to add Obama to that list too...

One thing that's missing in most of the comments I've read is that if the house is foreclosed on and there's no raccoons in the attic someone is going to buy it and either move in or rent it. So as far as society is concerned, where is the real loss? The only people who got shafted are the mortgage holders, i.e. the bank. Who care's about them? The money they're handing out is society's anyway. Their bank license is a license to create money out of thin air.

I know; 1200 square feet, that's less than 35 feet by 35 feet. Where is this place? Manhattan? You could rent that place for the rest of time for $1000 a month in the towns that most people live in. It's this cult of home ownership that so many people bought into.

i attented a NACA event and saw miracles and experienced one myself. PLEASE people attend one if they are near you're town and save your home. For example i went from $3,276 at 8% to $1,856 at 2% for the LIFE of the loan with INDY MAC including property tax and insurance. I walked out of there feeling like i had just won the lottery. GOD BLESS BRUCE MARKS, GOD BLESS NACA, AND GOD BLESS YOU ALL OUT THERE AND GOOD LUCK!

nah...they'll just go and bail the corporations out with OUR money.

I don't like that either! I'm still renting and working my ass off...supporting the whole economy of greedy fsck-ups...gah!

I'll agree perhaps halfway....The banks were also manipulating the market and continue to do so till this day....limiting the number of foreclosed homes and even getting people to get back into the bidding wars that started this mess.

The only difference is....Americans have guns.