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>>I don’t know why some people come down so hard on folks who make a rational decision to walk away. <<

That rational decision is stealing. And because people have done this and flooded the market with foreclosed homes, MY HOUSE is worth less. Nice.

Have you ever taken an economics class?

No, it isn't stealing. It is business. And I majored in Econometrics and Mathematics, with a Masters in Business Information Systems. And I've held a real estate license for 18 years and have owned several rental properties and did a spec house in South Florida, so I know a bit about what a mortgage contract is. When you buy a house, if you don't have cash, you borrow from a lender who has you sign a note promising to pay them back. You also sign a mortgage contract, securing the note with the property you are borrowing against. If you don't pay on the note, the mortgage gives the lender the right to take the house. Walking away from that isn't illegal or even dishonest, even in normal times. But these aren't normal times. These are times when banks and governments have colluded to create a rigged game, each to their own end and purpose. Banks wanted to earn fees making mortgages and passing off any risk by selling them or bundling them into exotic securities. Governments/politicians wanted to conduct social experiments and increase their power. What is illegal and dishonest and stealing is what this market manipulation has led to, which is a debasing of our currency, a deflation of our assets (houses) and now a fraud of foreclosures without due process and clear right of title. You are hurt by this mess, but it isn't because individuals are choosing to act in their best interests, it is because of a game staged in favor of the banks and wall street. They get bailed out and all of the rest of us are just supposed to suck it up and pay them out of some imaginary moral commitment? I don't think so. I didn't agree to put the banks interest in front of mine. I agreed to pay or give them the house. And once again, I am current on my commitments. But I won't fall on a sword over it or sacrifice my family's interest over the banks or anyone else's for that matter, should circumstances dictate.