Been fighting for 2 yrs to keep my house payments paid, lost job in 07, 6 months unemployed. Took job out of state for over a year, still paid house note and apt in other state. Got transfer back near house but it is still 70 miles away. Rent room during week of 400 a month. House has 2 loans that I bought house with orginally, 1st is 180k and 2nd is 80k, house only worth about 120. Area house is in has now declined with so many rentals and abandoned houses- I am in Florida. I am 62 and just cannot keep working at this pace- health is not the greatest. I want to retire at 64. I feel like I am throwing money in a money pit and will never be able to sell this house. Have always honored my obligations but for the first time in my life am considering walking away. I have small 401k of 80,000. If I walk can they take my 401k. I just don't think I can fight this any longer. When I bought this was the fastest growing area in Fl, I had planned to sell it when I retire and then buy a small condo to live in = I will never be able to afford the house payment and I am paying double what it is worth. I need a place to live that is closer to my job. Tired of living in a rental room and paying on a house I cannot even enjoy
