Walking Away From The Mortgage: One Man's Story

By Ryan J. Downey

I made my last mortgage payment on Nov. 1, 2009.

Bank of America changed the locks on my house on Sept. 29, 2011.

I realize that my results may not be typical and that every situation is unique. But I'd like to provide people in a similar spot with something that wasn't readily available to me when I realized I had to walk away from my house: answers.

What happens when you walk away? Are you arrested? Are you shunned? Do your kids decide they hate you?