Our new Indie Games subforum is now open for business in G&T. Go and check it out, you might land a code for a free game. If you're developing an indie game and want to post about it, follow these directions. If you don't, he'll break your legs! Hahaha! Seriously though.
Our rules have been updated and given their own forum. Go and look at them! They are nice, and there may be new ones that you didn't know about! Hooray for rules! Hooray for The System! Hooray for Conforming!
So, a little while ago I posted about the massive amount of negative equity we are currently sitting on with our house. We've lived here over 2 years and right now we are at -35%.
It appears that it has gotten so bad that some people are literally just dropping their mortgages completely, even though they can afford them. We can buy a house next door to us, right now, and cut our house payment almost in half. Obviously this is a massive hit on credit, but we can't be pursued for the deficiency under AZ law. Right now we have virtually perfect credit, although we never use credit cards and just keep them for emergencies.
Has anyone done this, or heard much about it? I am going to talk to a real estate attorney but was wondering if anyone here had experience with this. We could theoretically stop making payments for a few months during proceedings, saving even more money.