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Help! Any Examples? Investors walking from Mortgages?

By
Real Estate Broker/Owner with Northern Virginia Homes - FRANKLY REAL ESTATE Inc

 

Does anybody in this group have any examples of an investor that simply walked away from their mortgage and let a house go into foreclosure? I have heard about people just dropping off the keys and saying "you take it."

Is this a reality or all urban myths? 

 

Frank 

Comments (1)

Lewis Poretz
Apex Home Loans - Annapolis, MD
Business Development Manager
great question - i will be checking back to see  the answers as well....
Oct 15, 2007 02:59 PM