legal implications: Californians: What Happens When You Walk Away or Abandon your Home?
- 07/22/10 04:27 AM
Homeowners - What Not To Do:
Losing your home through foreclosure is a traumatic experience that usually occurs at a time when you already are facing significant financial, and even physical and psychological stress. It is understandable why some homeowners make poor choices when facing foreclosure.
While some homeowners choose to "walk away" from (abandon) or trash their homes in the face of foreclosure, it is important to realize that these actions carry potentially significant consequences.
1. "Walk Away" from (Abandon) the Home. A homeowner can stop making their mortgage loan payments and abandon their home. However, this plan … (2 comments)
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Homeowners - What Not To Do:
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