The second question for your attorney should have been ---- What happens when they do go after the deficiency? Banks are coming after their bad debt more often as the federal government is holding them more accountable.
Good luck and call that attorney back.
I have tried, and I know a lot of my compadres have tried; to tell people that;
1.) Just because you are upside-down on your house does not mean you are entitled to walk away from it.
2.) There may be remmifications for walking away!!!
these rammifications could include;
1.) lowering of your credit score
2.) Deficiency Judgement from the Bank for the difference owed
3.) Outstanding Income Taxes for profiting from the loss
4.) Outstanding Property Taxes
5.) Unusual Arbitration or Mediation or Law Suits
Please do not assume that walking away is your best alternative with investigating alternatives.
Good luck and may God bless
Chris Anderson (614) 563-HOME
>>My realtor a certified short sale person said no
I hope you got that in writing....