Walking away from the mortgage is a big step

Shared by Larry on Mon Apr 14, 2008 5:08 am
The nations two largest mortgage providing companies, Fannie Mae and Freddie Mac, are warning the delinquent homeowners to think twice before walking out of the debt. Because it would not just help them if they walk away from the mortgage. Source: http://www.upi.com/NewsTrack/Business/2008/04/13/walking_away_from_mortgage_is_a_big_step/6645/

Community Members Opinion

Niicss
Niicss

Joined: 03 Oct 2005

Posts: 807

118.37 Dollars($)

Posted: Mon May 05, 2008 7:09 am Post subject:

Hello. I too agree that if the borrower has the ability to afford the monthly mortgage payments then he should not walk away. If the current interest is higher they can simply refinance. So walking away should the last option for the borrower. _________________ Good is the Enemy of Great.


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