What’s your game plan when the big one hits
is it possible to just leave the hot mess to the bank who owns the loan (basically you forfeit the ownership to them) so that the owner is at least not in debt (if the property values even less than the mortgage after the shake)
You are still on the hook to pay and your credit will be trashed. Only way out is bankruptcy which also trashes your credit.
You aren't on the hook to pay if you walk away and leave them the house. And if it's between trashing your credit and eating a million $$ I think the choice is obvious
Precisely why I didn’t buy in a liquefaction zone, and I bought EQ insurance.
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Hope for the best and pray to baby Jesus
exactly what I am doing everyday