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Losing value fast.

Hi Dolans, My Wife and I purchased a home in Mahopac NY 4.5 years ago when the market was at its peek and the rates were low. We are still able to make our mortgage payments and never missed a payment however, the house has lost 130,000 dollars in value to date. Moreover, Now our mortgage is equivalant to the house value. We need to get out, what do we do? We will walk away with nothing when we sell, that is if and when we sell. Also we would not have any money to put down on another place to live. HELP.....

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Posted 2009-07-15T21:34:16Z
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