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Re: can we just walk away?

Posted by SSinOC on March 12, 2010 at 12:39 AM

In Reply to: can we just walk away? posted by jay on March 12, 2010 at 12:14 AM

Do whatever you have to do to preserve your cash. It'd probably take them a while to catch up with you so you can continue to live where you are if you stop paying. You'll be in the drivers seat to negotiate your loan down if you're willing to walk. There is some tax relief for people losing their homes. Google it and check into it. Good luck.


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