How do you walk away from your condo unit in Las Vegas?

Answer If you want to leave a mess, you can just 'walk away'. The more responsible course is to notify your bank and notify the board that you are unable to continue with the commitments you made to buy a... Read More »

Top Q&A For: How do you walk away from your condo unit in La...

Is the owner of a condo unit responsible for water damages from a leak in his unit to a unit below?

Only if the owner above was negligent somehow. A pipe simply bursting suddenly and without warning would not trigger any liability of the unitowner. However, if the unitowner above was filling his... Read More »

A lien for unpaid assessments has been placed on your unit by the condo association - can they foreclose on your condo owned outright?

You can find the answer you want in your governing documents.Usually, regardless of the ownership status -- outright ownership or mortgaged -- unpaid condominium assessments represent an automatic ... Read More »

How to Walk Away From Your Home & Mortgage?

According to MarketWatch and 24/7WallSt., as of April 2010, more than 11.3 million homeowners had underwater mortgages, meaning the value of the house was less than what the owner owed on the mortg... Read More »

What happens if you walk away from your house?

On One Hand: Immediate ConsequencesIf you walk away from a home without paying for it, you must deal with several immediate consequences. The bank may foreclose on your home if you have equity, whi... Read More »