For all the owners of houses or property who are upside down and can no longer make their mortgage payment (because of being upside down and having a job loss, not being able to maintain a trouble rental house, divorce, or mortgages and taxes that are adjusting higher), up to now the only option was walking away and letting the bank foreclose. That’s not a good option since a foreclosure sticks on your credit record for at least 7-10 years.
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