Terry Prescott Blog

Bailing

Read Before Bailing
Posted by Terry Prescott on May 02, 2011 in  Long term effect
Daily Real Estate News  |  May 2, 2011     Bailing on Mortgage Not a Good Idea An estimated 11 million home owners owe more on their mortgage than their property is currently worth. That’s made more home owners consider walking away from their mortgage and home ownership, even those who can still comfortably afford to make their payments (known as “strategic default”). Walking away from a mortgage usually results in either a short sale or forecl... read more
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