I would not advise you to just walk away from your home. Try to keep your home if you can as you will need a place to live. Have you tried renegotiating with your lender to do a loan modification? There is hope and help out there for you. Do not give up. Send me an email at firstname.lastname@example.org and I can direct you to loan modification companies that are legitimate and recommended by the State of California. They do not have upfront fees and it could be worth a shot to keep your home.
I would consult with a tax person as to the ramifications of tax liens and personal liens as I am not a tax person. It would be in your best interests to talk to someone that does taxes for a living.
Please let me know if I can help you in any way. I would hate to see you lose your home because you did not try all of your options. I notice you are an agent, and I would love to help a fellow agent as well!
Joan Patterson, B.A., A.S.P., G.R.I., Realtor
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, CA 91730