The following is a question from an anonymous comment. Some of you out there ought to have some good advice to help this person out.
I guess I don't know why I'm commenting other than out of pure frustration. I own a home in a major metro area, a townhome, bought 5 years ago with a regular fixed rate mortgage, money down, did everything the right way. Pay all bills on time, good credit. Had to move out of state for a job and now looking to lose 40k on the house, we had an offer and the guy backed out two weeks before closing (I know, awesome). I want some "expert" to tell me what we're supposed to do, foreclose like everyone else or pay off 40k for the next 30 years on a house we don't live in? Seriously, we bought a house because rates we're good, and normally houses are investments, every payment we make on it now we may as well be burning for heat. It's losing value every day. Anyone have any ideas, and things we could have done in the past are not helpful. Thanks.