6 ways to save your underwater home

Mood of the Market

What seemed like a housing market downturn is now nearly universally seen as the new normal. Accordingly, many homeowners are taking a tough look at their mortgage situations in this stark light.

This New Year’s season, I’ve received a massive influx of reader questions — quasi-challenges, really — asking me why they shouldn’t just walk away from their underwater homes and upside-down mortgages.