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Loan Modification

: Loan Modification & Home Loan News

Can I just ?walk away? from a house on which I cannot pay the mortgage?

By Moe Bedard

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You are free to move if you cannot make the payments on the house in which you live. There will likely be consequences, the seriousness of which will vary. If you do not make payments, there will likely be a foreclosure sale of the property. Unless the foreclosure sale yields proceeds sufficient to pay the remaining [...]

Full post as published by Loan Modification & Home Loan News on April 26, 2010 (boomark / email).

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