[TChris]

If you walk away from an underwater mortgage, rent for a couple of years while saving the difference, you will have 20 % down and lenders will line up to give you a loan; especially when RE prices reflect actual values.

Sure, and no moral character too!

(It's a bonus)

Look. "Walking away" from an agreement and promise you voluntarily entered into and signed your name to is dishonest.

I thought it was the Democrats who are the party of situational ethics!

There are no guarantees given about the future value of the home when you sign the mortgage. You know that going in. If you sign your name and make that promise, then you should do everything in your power to live up to it, at least if your word and your signature mean anything.

I don't believe in "walking away" from commitments and promises when things aren't all sunshine and rainbows any more.

Foreclosing because you just can't make the payments is a different story. Walking away because you just don't like the real estate market is wrong.

[SeaHawkFan]

See post #37. If you can’t understand that then you are hopelessly ignorant.