We were originally planning to walk away but were able to work out a modification w/both our first and second and decided to say. We've filed (but not had 341) and think I've changed my mind! While the new mortgage is reasonable and we are only a bit upside down on the mortgage, I HATE my street/neighborhood and all I can think about are the things that need to get done so that we can sell in a few years when we are able to buy again. Well, that seems like a really silly plan seeing as how I already hate this street (love the house, though 
) and who knews if the market will rebound enough to allow us to sell in a few years.
Anyways. What does this all mean? I have a 1st (purchase) 2nd (refi) and am in CA.
) and who knews if the market will rebound enough to allow us to sell in a few years. Anyways. What does this all mean? I have a 1st (purchase) 2nd (refi) and am in CA.