[aigel]

Remember, there are always two sides to the story. You haven't seen this guys credit score or his investment portfolio. If you have a good down payment and excellent credit, you still can get a loan today.

That said, stopping to pay may get the banks to be more negotiable.

One thing I see happen around me is people walking away from their home even though a short sale would have left them with only very little debt. Say 25% of their annual income. This is short term thinking - maybe the same type that got them in trouble in the first place?

Cheers,

George