4 ms·
True, but the difference is all about what happens when you can't pay the 10% interest or get into significant negative equity. If you can just walk away, then
by guiriduro 4y ago
True, but the difference is all about what happens when you can't pay the 10% interest or get into significant negative equity. If you can just walk away, then you have "rich person accounting."
- lmm 4y agoMortgage loans are non-recourse in several states. A lot of people can and should just walk away from their mortgage.