Walking Away

Posted by Richard on August 07, 2006 at 20:25:38:

Duplex is worth about 70,000. Loan amount is about 85,000. Tenant just burned down carport and part of house. I just want to walk away and let them forclose. Do they just take the house and go away or are they able to sue me for more money.

Sorry if this is a repeat question. I scanned the forum and didn't see anything quite like this.

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• Where the... - RSI 09:35:04 08/08/06 (0)

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: Duplex is worth about 70,000.  Loan amount is about 85,000.  Tenant just burned down carport and part of house.  I just want to walk away and let them forclose. Do they just take the house and go away or are they able to sue me for more money.

Sorry if this is a repeat question.  I scanned the forum and didn't see anything quite like this.


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