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rethinking the ‘walk-away’

Posted by admin on Jan 13th, 2010 and filed under Featured Slider, Ownership + Mortgage, Real Estate REMedies. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Over the past month or so, the most frequently asked questions I’ve received fromrethinking the walkaway readers have had to do with when it makes sense to abandon their home and “walk away” from their mortgages.

I have watched and worked closely with a number of smart women homeowners as they grapple with their priorities and the financial, credit, ethical and emotional implications of leaving – or staying. I’ve also been up hundreds of thousands of dollars, and I’ve been underwater hundreds of thousands of dollars on my own homes.

So, better than most experts, I know firsthand – there is no black-and-white, wrong or right answer that applies to everyone.

To help you process and consider the whole-life implications of walking away from a home, I’ve put together a 13-page white paper called REThinking the Walk Away.

This white paper drills down into:

  • what ‘walking away’ actually means (and doesn’t mean),
  • the pros and cons of walking away,
  • alternatives to walking away,
  • the implications of walking away and, finally,
  • the decision points that every smart homeowner must take into account when deciding whether or not to walk away from their mortgage.

Click here to download.

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