Open Question: I want to get out of my mortgage and not pay anything to the bank, How

[Administrator]

I have a house in Stockton and the values have dropped, and dropped and are still dropping! I owe over $300.000.00. I refinanced two years ago and took $50.000.00 out to fix up the place. (At that time the value was $400.000.00 plus. The house next door to me was foreclosed on and the bank just sold it for $170.000.00. and as stated above, the prices have not hit the bottom. Paying on this loan for the next 28 years is not worth it. It would take 28 years or more to just get the value back to $300.000.00 If I'm lucky. Can I get out of this mess?


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