[boop]

I feel bad about my house going down in value by 30%, I can’t imagine losing 2/3rds of the value. I’m stuck too. If I file bankruptcy, it may sting, but that only lasts 7 years. I can’t wait 20 years for my house to get back to where it was.

[Rembrandt]

“If I file bankruptcy, it may sting, but that only lasts 7 years.”

Legally, bankruptcy only lasts 7 years but there are plenty (most, all) credit instrument questionaires which pose the question: “Have you ever filed for bankruptcy?”

Remember, “ever” means forever.

[andyk]

I can’t imagine losing 2/3rds of the value.

That is a pretty massive loss. I just got my 2011 assessment a couple days ago. My home is worth 38% of what I paid in 2007. I think I'm still in shock.