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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] can we just walk away? Posted by jay on March 12, 2010 at 12:14 AM HI I live in RI and have a question. We are upside down on our mortgage and can no longer afford to keep paying it. We are current but it is getting harder. I spoke with an attorney and we are discussing options at this time, but can we just walk away from our home? I know we will have a black mark on credit but we can not do this anymore. What are the reprecussions regarding taxes at the end? Also can we just stop paying and rent? I read this on another post? We pay $ 2300 a month and to rent would be $1000< saving us $1300 a month and allowing us to pay bills and catch up...help!! Follow Ups: Re: can we just walk away? SSinOC 12:39 AM, 03/12/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : HI : I live in RI and have a question. We are upside down on our mortgage and can no longer afford to keep paying it. We are current but it is getting harder. I spoke with an attorney and we are discussing options at this time, but can we just walk away from our home? I know we will have a black mark on credit but we can not do this anymore. What are the reprecussions regarding taxes at the end? Also can we just stop paying and rent? I read this on another post? We pay $ 2300 a month and to rent would be $1000< saving us $1300 a month and allowing us to pay bills and catch up...help!! [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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