[Enough Already]

This whole business of walking away is scary! When we first made the decision to go this route I was losing so much sleep, and literally worrying myself sick. We've always been the types to pay our bills, never late etc. Buying this house was our big financial mistake too.

You are right to try to live debt free, and save up your money. This is a bump in the road. If your gut tells you to take your money out of the bank do it. You'll feel better and sleep better. Then keep saving your money, and when the time comes you'll be ready to settle the debt with the lender/collector and move on with your life.

Have you talked to a foreclosure attorney yet? I'll tell you, talking to a couple of attorneys about our specific case really put our minds at ease. We talked to two of them for free, but they just tried to steer us to do a short sale (they get the commission). The other two we paid for the consulations, and it was money well spent. We now have a plan, and we don't feel so vunerable. I would definitely recommend you contact a foreclosure attorney, and go over your situation with him/her. I think you'll feel a lot better, and a lot more confident if you do.

Please keep me posted.