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Walk away from your mortgage. Another option is to simply walk away from the mortgage — a move called a “strategic default” — but, like a short sale or foreclosure, doing so can be ...
It's not just homeowners walking away from underwater homes -- so are banks and their mortgage servicers. Unfortunately for some neighborhoods, the mortgage servicers are abandoning the homes ...
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YouWalkAway.com developed a strategic default calculator to help homeowners calculate the savings they might have by getting out of an underwater mortgage. [5] In 2012, YouWalkAway.com launched AfterForeclosure.com to help people discover if they were eligible to buy again after a foreclosure or a short sale.
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For premium support please call: 800-290-4726 more ways to reach us
A variety of voluntary private and government-administered or supported programs were implemented during 2007-2009 to assist homeowners with case-by-case mortgage assistance, to mitigate the foreclosure crisis engulfing the U.S. Examples include the Housing and Economic Recovery Act of 2008, Hope Now Alliance, and Homeowners Affordability and ...
Now, many mortgage lenders are willing to work with you to temporarily put your loan into forbearance — especially if your house is truly destroyed and you need some time to make that insurance ...
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