Its much harder now. Far from impossible though.

Became much harder after the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

There is a whole new industry helping people walk away from mortgages that are underwater (house worth less than they owe)

Not as easy as handing in your keys.

This really only applies to markets with huge bubbles such as Las Vegas.

Posted By: usacanary, May 18, 22:06:03