To: goldstategop
I think new Federal laws don't allow people to walk await from mortgages anymore.
They are stuck I think.
318 posted on
12/13/2006 4:59:02 PM PST by
A CA Guy
(God Bless America, God bless and keep safe our fighting men and women.)
To: A CA Guy
I think new Federal laws don't allow people to walk await from mortgages anymore. They are stuck I think. They never did. If you walk away and the house is sold at auction, the IRS will stick you for income taxes on the balance left over after the sale.
325 posted on
12/13/2006 9:17:23 PM PST by
Texasforever
(I have neither been there nor done that.)
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