Reply #132: I don't think there are any moral judgments to be made here. [View All]

[BlueCheese]

Maybe I once thought a borrower should try really really hard to repay the loan. But now I think it's all a business decision. The contract says that if you pay, you keep the house; if you don't, you lose the house. If it makes more sense for you to give up the house, then more power to you. It's a decision every business would make--indeed, should make. Individuals shouldn't be held to a more ruinous standard.

Best wishes. It sounds like you have enough to deal with without the mortgage.