[ColdSteelTalon]

If your equity is less than you own on your house you should walk away and let the bank take it back. The system needs to be crashed so that it can recover.

Obama is pumping more printed money into the economy trying to re-inflate the bubble. It wont work in the long term... Whoever is elected in 2012 will have to deal with the Obama crash whose seeds are being sown right now.

[mamelukesabre]

I think the bank will make you pay the difference if you do. If you owe more than the bank can sell it for, you will pay the difference. Therefore, it’s not such a good idea to walk away from it.