home that is underwater by 230,000.Live in Ca and wonder if I should let this home go back to the bank. BoA gave me a new loan 2% for 5 years, then it goes up to 4% in 8 years with a deferred amount of 99,000( loan is for 40 years) so will never pay it off. Will I be responsible for the amount owed if I stop paying on both loans? 2nd, 7.5% was taken to pay for dental work.Disabled, low income and over 60.March 05 2013 - Plano0YesReport 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.