Thanks for the information you provided. By "cut our losses," what are you suggesting? That we walk away from the mortgage? That seems irresponsible to me, unless I am misunderstanding your suggestion. We have good jobs and are having no problem paying our mortgage. All I'm saying is that we may want to sell in the next few years to move to another area. My fear is that the market will continue to decline over the next couple of years and we'll end up having to pay $50k or more to get out of the house. So you are saying that if we don't plan to be in the house for 10 years or more, that we should cut our losses now and walk away from the house, to prevent being upside-down a few years from now when we want to sell?