I just spoke with my mortgage bank holder (Bank of America) about adjusting my current mortgage. At first, during the call, they told me there was nothing they could do. Then, when I said I'm ready to walk out of my house and hand them the keys, they transferred me to a Loss Mitigation Services line where I'm being told that they'll send me some paperwork to fill out regarding debt/income ratio, etc. and then "we'll see." I hope this isn't some delaying tactic on their part, but I fear they really don't want to help me much because a) I'm current on my mortgage payments, and b) I've got excellent credit. Not sure what else I can do, though. I purchased my home in late 2007 and the value has dropped over $100,000. It may be worth it for me to walk and take the credit hit.

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