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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robby Says:March 6th, 2008 at 3:19 pm
if i walk a way will i have to payback the lenders