[Tom H]

I hear you, and certainly can't say that I disagree with your logic.

Perhaps things will change in the near future - but it all depends on how long you can wait it out before you have to take action. SoCal is a real tricky place to play this game. If home values go down 20% here (as predicted) that's a lot of negative equity to hang on to, and you most likely won't see it re-emerge for five years or more.

I don't see many folks wanting to hang on to it, but I could be wrong. We'll see where the dust settles, but for now - no one's playing that kind of ball; at least not that I've seen anyway. I hope you can find a workable solution for your situation. Keep plugging at it, follow the advice you find in the stories here from others, and best of luck to you.

Tom