What should you do if your mortgage is seriously underwater and you are having difficulty making the payments? One of the options is to simply walk away - giving the keys to the bank and letting the situation be resolved with a short sale or foreclosure. Another is to just tough it out and make the sacrifices necessary to continue making the payments. The banking website, BankRate.com, answered this question. Take a look!
Thursday, October 01, 2009
Mortgage Underwater - Walk Away?
What should you do if your mortgage is seriously underwater and you are having difficulty making the payments? One of the options is to simply walk away - giving the keys to the bank and letting the situation be resolved with a short sale or foreclosure. Another is to just tough it out and make the sacrifices necessary to continue making the payments. The banking website, BankRate.com, answered this question. Take a look!
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