What happens when you walk away from a mortgage?

Answer While simply walking away from a mortgage you can no longer afford to pay may seem to be an easy solution to the problem, doing so can have lasting effects.MortgageWhen you sign a mortgage you not ... Read More »

Top Q&A For: What happens when you walk away from a mortgage

What happens when i walk away from my debt?

It can be tempting to simply walk away from overwhelming debt that you cannot afford to pay. Unfortunately, doing so can have far worse consequences than facing your debt and attempting to work out... 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 »

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 When You Default on a FHA Mortgage?

The Federal Housing Administration (FHA) issues insurance against mortgage default. In other words, an FHA mortgage is protected by the federal government in the event that the homeowner cannot con... Read More »