foreclosure question

Posted by joy on June 28, 2007 at 22:23:15:

we have spouse loss of income and will not be able tp pay mortgage that is continually rising. we owe more than the house is worth. with only one income i cannot make the payment we have zero credit card debt andhate to lose my credit. Can I relocate and buy a cheaper house and walk away from this house before the deliquent payments start.

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