Our story:

At the end of 2008 we realized that our beautiful house in Phoenix, AZ is $250,000 underwater. We had two loans: 1st mortgage and a “piggybag” home equity loan, both

on my wife’s name. Her credit score was 783. Total mortgage payments were $3000/mo.

Our lender was totally unwilling to negotiate. We decided to walk away and ended payments at the beginning of 2009. The house was foreclosed 7/2009

Because of my untouched 780 credit was still available, we decided to downgrade a little and bought a foreclosed house on my name, 2000 sgf, built 2006 and hardly lived in for $99900. After paying $25,000 down our mortgage payment now is only $402/mo.

We checked her credit score a week ago, and there was a big surprise. Her score was 775! No public records, the home equity was marked fully paid and only the 1st mortgage had a negative remark.

Thank you for your support, YouWalkAway.com, your fee was money well spent!

Thank you,

Moderator notes,

Seems like a strategic default gone well.  Good luck to you guys!

www.StrategicDefault.com