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Won't walk away: Mike Files
I have been in my house for five years, and I paid $82,000. The house next door just sold at auction. It was listed for $55,000 and sold for $51,000. The houses selling here in South Dallas are all foreclosures.

I'm sure I'm underwater, but I would never walk away due to the damage that would do to my credit score. I will be looking at whether I can refinance under the president's plan. I would like to free up more money each month.

I have a first mortgage, a 30-year fixed at 6.5% and a second; the total payment is $745 a month. I also have credit card debt and a car loan. If I could refi down to a 5% or so, it would give me more money to spend.

NEXT: Walking: Will Nelson
Last updated November 24 2009: 11:47 AM ET
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