Good question and response.
Our son is in this situation now as a result of a divorce.
He is working 2 jobs and cannot afford the house, which is now his.
I’m suggesting he stick it out through a short sale or deed forfeiture; and his mom is suggesting he walk away from it.
Either way, it is a debt that will stay with him for awhile.
If he does a short sale, without recourse, then he can aviod being billed for the shortage. If he walks away, he could very well be on the hook for that shortage. Another plus is that the shortsale process will clean up much faster in the future....