Reply #80: Just walking away from the house is not the recourse defined in the loan docs [View All]

[slackmaster]

Read a set of them some time. Borrowers who are unable to make payments have an obligation to contact the lender and try to work something out.

There is certainly nothing immoral about giving a house back before its foreclosed on (it's called a deed in lieu of foreclosure).

Sure, but I didn't get the impression that was the kind of situation the OP was asking about.