It seems like almost daily that I hear from a seller questioning whether they should walk away from their home, or stick to the commitment they made to the bank. Across the country, thousands of sellers are potentially facing foreclosure, and many are just not sure if it is better to find a way to keep their home, or take the easy way out and damage their credit score in the process.
Sometimes I get aggravated by those who openly choose to walk away when they shouldn’t, as witnessed in a post I wrote last week, but I do truly understand the whole ordeal. Today I read an interesting article from CNNMoney.com which looks at some home owners across the nation, and the dilemma they face….and the reasoning by their decisions to either walk, or not. It helps to put a human face on the issue.