A great clip from the Dylan Ratigan show regarding 'strategic default' or 'walking away from mortgages':
Remember, all States have different laws regarding the foreclosure process, and deficiency rights of the banks. Further, many homeowners can get out from under their mortgages without actually having to have a foreclosure on their credit score.
For more information, consider contacting a Seattle Short Sale Facilitation or Foreclosure Attorney.
Weitz Law Firm, PLLC
5400 Carillon Point, Bldg 5000
Kirkland, WA 98033