I bought my home in 2006 right at the top of the market. Anyways it is worth about 350K and I owe over 680K on it. GMAC refuses to do anything except give me the run around. I can't let it foreclose because my credit is all fucked up now and I could never get another loan. 
It's a business decision to walk away. Fuck the banks. My wife went in for a minor surgery that ended up becoming major. She was out of work for two years. We went through all of our savings and 401k and everything else we had.
Bank of America would do nothing to help us. We ran out of options and filed Chapter 7. We haven't heard from the fuckers in 4 years. We even got another attorney for when they do eventually forelcose to make the process as smooth as possible.
My wife and I are ready to move on, whether we rent or have enough saved up to pay cash for another. We were lucky, no house payment in almost 4 years. We did everything we could to make things right. It was the best decision we ever made.
) tpye of thought process where "if it does not benefit me" than "screw it".
Established in 1995,
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