[mjshira]

I don't see a lot of good options here. The best thing he probably can do is go and see the bank. Take a lawyer with him to formalize the situation, try and negotiate a compromise position between his lack of desire to pay what he is paying and the banks desire to avoid another foreclosure.

If he gives the house back he'll take years to recover credit wise, years. Probably 10. With the amount of foreclosures up there these days, I think his best bet is to put forward a compromise.

If he has any cash, or things he can sell to get cash, he should, then he can bring that to the table also. maybe make a one time payment as a part of the deal to get back square.

I think that by making this effort he will show the bank that he is not just walking away.

wish him luck, ***** situation...