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To: ColdSteelTalon

I think the bank will make you pay the difference if you do. If you owe more than the bank can sell it for, you will pay the difference. Therefore, it’s not such a good idea to walk away from it.


7 posted on 07/04/2009 11:26:38 PM PDT by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: mamelukesabre

The Bank cant make you pay the difference the house is security on the loan. The bank assumes the risk. Or the VA if its a VA loan.


10 posted on 07/05/2009 1:01:54 PM PDT by ColdSteelTalon (Light is fading to shadow, and casting its shroud over all we have known...)
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