Walking away from a home without trying to obtain a loan modification (renegotiate the mortgage) or even attempting a short sale can open a borrower up to potential legal and financial issues.
If you can no longer afford your home due to a change in circumstances consult an attorney before proceeding.
If a short sale is a consideration understand the impact it has on your credit score and potential liabilities.
If you have questions about a short sale please give me a call at 321-693-3850. If you have questions about the legal and tax implications of a short sale, contact the appropriate professional.
Here are a few of my past articles about short sales...