If one walks away from a house...What happens? What if the person who owns the house has money but has decided with the market the way it is that it will take over 10 years (at 5% appreciation a year) to recover from the losses of the last year alone (over 30% drop in value in neighborhood). Can the banks come after more money than just the secured house?Â January 18 2009 - Stateline00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.