http://www.mortgagefit.com/blog/walkaway-affect/ Behind the scene Sat, 11 Feb 2012 03:34:00 +0000 http://wordpress.org/?v=2.5.1 http://www.mortgagefit.com/blog/walkaway-affect/#comment-17394 juanita Fri, 20 Nov 2009 09:17:53 +0000 http://www.mortgagefit.com/blog/?p=129#comment-17394 Keeping in mind the credit effect and the tax penalty, I feel it's better to go for other options rather than walking away from the property. If one wants to get rid of the property, then he or she may go for short sale or deed in lieu of foreclosure. Though there would be credit effects, they won't be as drastic as walking away from the property. Keeping in mind the credit effect and the tax penalty, I feel it’s better to go for other options rather than walking away from the property. If one wants to get rid of the property, then he or she may go for short sale or deed in lieu of foreclosure. Though there would be credit effects, they won’t be as drastic as walking away from the property.

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