[onewhippedpuppy]

Originally Posted by lendaddy

"Everything" is a pretty big term, you sure about that? If your house burned to the ground and via some loophole your insurance weaseled out. Would you continue to pay your $400k mortgage on a home that doesn't exist for the next 20 years or would you walk? Seriously think about it before you answer.

I'd do my best to make it right, but obviously it's not a situation I could sustain. My family needs a home. It's also a rather out-there hypothetical, because there's a reason I piss away money on insurance.

I see your point, but it's also not relevant to this thread. The poster wants to walk on his house BECAUSE HE MADE A BAD INVESTMENT, not because of circumstances beyond his control. Stupidity is not a valid excuse for defaulting on a mortgage.