What Happens When You Walk Away From Your Home?
January 31st, 2012
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Does it make sense to keep paying a massive mortgage, knowing that it might be decades before a home regains its prior value? Sometimes, in this economy a home could be a tremendous burden or just not affordable if there is a drop in income. Decisions must be made, and some folks make a decision to walk away in order to get on with their lives.
What are the consequences?
Yahoo Finances has an article on this subject here:
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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®