Still, I'm sorry your having such troubles. I blame it all on the Fedgov and their insistence that banks and other lenders give loans to the unqualified which caused the RE feeding frenzy which crashed the RE market which crashed the stock market which crash many economies around the World. Best of luck to you, sincerely.
BTW, if you can hang in there, property values will eventually increase - they're not making more land and the US population is increasing.
I appreciate your sentiments. In spite of the the sense of it, I am still current on my commitments. But a contract is just a contract, nothing more, and they include remedies should one party not fulfill the obligations. If the bank get’s the house, at least in a non-recourse state, that is the end of it. Legally, you don’t owe any more. People on these threads seem to put a mortgage on a higher plane or something. I’ve discussed this with associate who have taken oaths before God and their spouse to enter into marriage only to get divorced, yet treat a mortgage contract with a corrupt bank as a sanctity. I don’t follow their logic.