I am considering a strategic walk-away since nothing else has worked to this point. I have already secured a rental home that I will be able to rent for the next 3-4 years at a good rate. I will probably be able to move in there within 2 months....
I am currently past 60 days on my mortgage and would like to stop paying the $1600 / month until I move to the rental - but I am terrified that I will be the one exception where the foreclosrue happens right away and suddenly I am without a home!!!
Anyone with recent experience in Michigan regarding the timeline? My mortgage has been with Litton for a number of years (terrible) and was just sold to OCWEN (worse from what I've read...)