Could you walk away from your mortgage.

[allyphoe]

Here is the link to the IRS and The Mortgage Forgiveness Debt Relief Act of 2007 for those interested.

http://www.irs.gov/newsroom/article/0,,id=174034,00.html

That article actually mostly addresses old law. The new law is here: http://www.irs.gov/individuals/article/0,,id=179414,00.html