Apr

13

Consequences for ‘Walk-Away’ Borrowers

April 13, 2008 | Leave a Comment

Consequences for ‘Walk-Away’ Borrowers
Thinking about walking away, think again!
The government and the lending industry are taking aim at “walk-away” home owners who stop making payments and months later send the house keys back to their lender.
Such borrowers will not be able to get another mortgage through Fannie Mae for five years, unless there are documented […]