If the banks decline the short sale, my friend and i are thinking about just walking away. we're both braced for 7 years of bad luck and see it as our last but acceptable option... we're not all caught up in "loosing our home" emotions because we want out.

He's built my websites... so if you want something with "emotion" outside the box, we can get it done for $350-$400 with video capability.

So, collecting the cash now and holding off on buying a residence might be reasonable.If you can easily find houses for $75K, I'd dig a little deeper and find ones I could buy for $55-60K.

I agree, it's important to pay your debts, but it should not be at the expense of your physical and emotional well being.Just my opinion.

Everyone is scared, people are emotional, those who are focused will capatalize.

Removal of emotion is important.

I don't think your options are necessarily limited.A knee-jerk type action got you into this I would not compound it with a knee-jerk reaction of selling, or anything else, without taking a deeper look.

I can be opposed to a politician because of their policies without suffering any emotional distress because they don't share my beliefs and values.I will look at the Obama Presidency the same way I did the Clinton one before the 1994 election.

I agree that it goes deeper than skin color.

Don't you think you could have gotten it at a deeper discount?