3 ms·
Return the house keys to the mortgage holder and walk away. (This is about as convenient, pleasant, and useful advice as the "just quit your job" advice).
by jodrellblank 3y ago
Return the house keys to the mortgage holder and walk away.
(This is about as convenient, pleasant, and useful advice as the "just quit your job" advice).
- gnicholas 3y agoActually it’s much easier than that, though not in the current interest rate environment: you just refinance, and likely save money along the way. Note that your first mortgage in CA is nonrecourse, but a refinanced mortgage is not nonrecourse (meaning the lender can come after you personally if you end up underwater).