3 ms·
> If my house is worth less than what I owe then moving (selling short) can make sense. I believe this varies by state but I thought in some states the lender
by fred_is_fred 11mo ago
> If my house is worth less than what I owe then moving (selling short) can make sense.
I believe this varies by state but I thought in some states the lender can come after you for the difference and in others you can just walk away (albeit with a credit ding).
- toomuchtodo 11mo agohttps://en.wikipedia.org/wiki/Nonrecourse_debt https://en.wikipedia.org/wiki/Nonrecourse_debt https://www.financialsamurai.com/non-recourse-states-walk-away-from-mortgage/ https://www.financialsamurai.com/non-recourse-states-walk-aw... (have walked away from underwater fha mortgage from 2008 gfc in a recourse state, ama)