[cameljockey]

My house market value is 30k now,I still owe 50k in principal ,my interest is 4.99 ,I have been living in the same house for 12 years , my bank is Wellsfargo who's refusing to participate in any mortgage program according to the Michiganhardesthit.gov including they are refusing to participate in the principal reduction program which I qualify for and is matched by the state of Michigan with equal amount .I need a bigger house now that my family has grown,if I take another loan and buy a bigger house and walk away from the current one ,can I be sued by Wellsfargo for the principal and how does the city I live in know that this house has been foreclosed on so I won't be responsible for any prop taxes from the date that I walk away ,thank you