Walk Away from Your Mortgage?
A growing concern among lenders and our government is the increase in homeowners who are “walking away” from their homes. Many homeowners facing foreclosure are choosing to “walk away” and let the home go into foreclosure. While, in certain situations this may make sense, remember if a home goes into foreclosure, the homeowner loses their ability to negotiate the debt owed. If a homeowner, attempts a Short Sale, they are in control and have the opportunity to negotiate this debt ahead of time. I can tell you it is a very good feeling knowing that the debt is gone and the monkey is off your back. Here is a link that was featured in Realtor magazine about “walking away” from your mortgage.
Upside down in your mortgage in maryland? Behind on payments contact us today for a free short sale evaluation.
