I bought my condo exactly 4 years ago for $249,000, I put $50,000 down making my loan $199,000 @ 6.25%. I have never been late on a payment and never have asked for a rate adjustment. My current balance is $196,550 and my house is worth 175-180K. I live in MA and have been ofered a job in CA, I have a good credit score and carry less then a $1,000 a month of credit card debt. I do have a 6 months of emergancy funds in savings, so I know my bank we not accept a "finacal hardship." I think I can rent my place for 1,200/mo leaving a short fall of $400 after taxes and condo fees. That with the fact that I do not want the head ach of renting out a place on the other side of the country. Can I just give the keys to the bank and walk away? Between my down payment and 4 years of payments the bank has made about 100K from me. I have also put about 10K in upgrades into the condo. I do not want to sell my condo then write a 20K check to the bank. Do I have any options?