What happens when you walk away from your mortgage?
If you have ever found yourself struggling to pay the mortgage or know someone who has, the question of “What would actually happen if I just stopped paying my mortgage?” probably has come across your mind. While walking away from a mortgage should be avoided at all costs, there are a growing number of homeowners and investors who are doing just that. Some out of simple frustration, others out of a calculated move to improve their situation. For more on the ins and outs of stopping mortgage payments, and all the implications, check out this article on Yahoo Finance.