[deneng]

Thank you very much for replying. Actually it is my vacation home so i do live in it just not very much. When i signed my loan papers i signed an second home addemdum form. It is not a rental property. I have to spend at least 2 weeks in it every year.
The hardship is i have to work 60 hrs. a week to pay 2 mortgages. And the additional hardship is for the lender b/c buy the time they sell the house they will be out the 140k in equity loss now and an additional 70k in future equity loss ie: repair needs, future loss of equity, loss of mortgage payment, loss of atty fees and court documentation, payroll time involved in processing, taxes etc. I would not mind if they gave me a 15 or 30 yr fixed P&I loan.
If i walk away i can save 3500 a month including the taxes and insurance.
Thank you very much in answering ! I am curious of my chances of something pos. happening out of this before i spend money on lawyers fees.
I definitly have to change something or i will be in the poor house soon because i will waste 210k over the next 5 years and then be stuck with a loan that i can't refinance because there is no equity and even if i could the intrest rates in 5 years could very well be higher. So plese forgive me if i don't wait untill my financial situation is in ruins before i try to rectify the situation.