Thinking about walking away from your home

 Don't do it until you have talked to your lender and your mortgage professional!!!

There are alternatives out there.  Is it just your house payment that you are having trouble making?  Where you on an ARM and it reset.  Relax there is the FHA Secure program to help you refinance into a better more affordable home.  As long as you kept you other payments up and current this program just might be helpful to you and save your home.  Up to 6 months of missed house payments and back taxes and be rolled into this loan.

Loan Modification.  Trust me the lenders don't want your house and if you act fast enough you might qualify with your lender to modify the terms of your loan.  Resulting in you keeping your home and lowering your payment.

Forbearance is when your lender agrees to reduce or suspend your payments for a short time frame. Of course you will have to make up those amounts in the future, but this just might allow you to get settled and get back on your feet.

The point is that there are programs and people out there to help you and we can't help if you don't call us and allow us to help you.  Even if you let your home go at some point int the future you might want to buy another home and you will have to tell me your story then.  So why not tell me now and lets see if we can work together to resolve your troubles and keep you from losing your home.

 

*******EDIT**********

One thing that people are not thinking about is what happens when you walk away.  It is on your credit report and how is a landlord going to look at you.  You just walked away from your house payment, you might walk away from your rent.....