Walking Away From Your Home Loan

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Walking Away From Your Home Loan

I’ve written an important article on the topic of walking away from your home loan and mortgage.  When your house is in foreclosure because you are behind on payments, upside down on your mortgage because your home is
underwater, that’s when this question of whether or not to keep paying my mortgage comes about.  If you are able to have one of our agents tell you what homes are selling for in your neighborhood and what your house is worth you can use one of the mortgage calculators to decide if the house is worth keeping to you.
Based on the state that you live in like Minnesota, you’ll wonder what your options are, and will make a strategic decision based
on the facts and consequences that you can expect.  You may talk to one of our real estate experts and let them understand your full situation, house value, where in the foreclosure process you are, and you can see a tax
professional’s guidance on tax implications and one of our credit experts credit repair gameplan in the future to know the total impact it will have on your credit, tax and financial situation and the best way to go about everything.  When faced with the decision of walking away, the most common questions the come before walking away are what happens if I?, but what happens if you?, what happens when you?, when to?, how to?, should i?, should you?, can i?, can you?  These initial questions are always followed by walk away from my home loan and mortgage.  Each persons situation is different, so please give our agent a call to discuss how we can help today.

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