Considering the current bad housing market in the United States, would it be better to default on mortgage than trying to sell it as a foreigner?

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I own a property in florida and due to a drop in prices my equity is 0% and a mortgage higher then the current market value?

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Not answered yet... WE NEED YOUR HELP !!! Often a discussion will lead to an answer so if you don`t know the complete answer just enter your best ideas on the matter. No signup required. Just enter your answer and hit save! Yes, also subscribe me to this question so I can follow the discussion Can you help us by answering one of these related questions? Is the housing market in toronto going to drop in 2012? Where is the housing market headed in 2012 ontario? Is the housing market going to crash again onttario canada? Is the gona be ssi in the united states in augest? Can cra seize assets in the united states? Can a lien be placed from the united states to canada? What is the downpayment on a 500 000 home in united states? Are interest rates going up in the united states? Can you use your rrsp to buy property in the united states? What will happen to rsp s if the united states defaults? We need your help! Please help us improve our content by removing questions that are essentially the same and merging them into this question. Please tell us which questions below are the same as this one: Q: Considering the current bad housing market in the united states, would it be better to default on mortgage than trying to sell it as a foreigner? 82% - How will the mortgages be affected in canada if real estate market will collapse like it did in the united states? 81% - How united states default affect australia? 66% - How can canadians get a mortgage in united states? 66% - Is it possible to port a mortgage in the united states? 65% - Is ontario housing market going to follow us market? 64% - Can canadian citizens qualify for a mortgage in the united states? 64% - How will the downgrade of the united states affect my mortgage loan? 63% - Will canadian banks provide a mortgage to buy a house in the united states? 63% - Can i get a mortgage through bank to buy a house in the united states if i live in canada? 63% - Can i deduct mortgage on house in united states if live abroad?