Facing Default, Some Walk Out on New Homes

The shaky housing market has many people all over the country facing foreclosure.  That is a traumatic event no one wants to do.  There is a new wrinkle in this fabric.  Some people have found a way out that stops the stress of escalating house payments.

“When Raymond Zulueta went into default on his mortgage last year, he did what a lot of people do. He worried.”

“Then in January he learned about a new company in San Diego called You Walk Away that does just what its name says. For $995, it helps people walk away from their homes, ceding them to the banks in foreclosure.”
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One Response to “Facing Default, Some Walk Out on New Homes”

  1.  

    robby Says:

    if i walk a way will i have to payback the lenders

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