No, but if you sell your house you need to come up with the difference between w...

bartonfink · on April 19, 2011

Or you're still on the hook for the balance of the mortgage, depending on your terms. Either way, you're in a very unpleasant situation.

eru · on April 20, 2011

Yes, but you're in the books for that anyway. No matter whether you still have the house or not.

Though I do see that it is a problem, if you have to come up with the margin call in cash when you sell the house.