Don’t Walk Away From Home Mortgage

In Uncategorized on June 29, 2010 at 12:36 pm

Not if you plan to buy another house. Fannie Mae, the big mortgage finance company said that homeowners who intentionally default because they owe more thn the house was worth would be ineligible for new Fannie Mae-backed loan for seven years. If you owe more than your house is worth, bankruptcy could allow you to get rid of a second mortgage in some cases. Call me to discuss the details.


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