Legal Advice


QMight walk from my mortgage in Michigan?

In short : We are $ 100K upside down in our mortgage . My wife is losing their working hours , we have a second child , I work for GM and could completely lose my job before October , wifes have 60K in student loan debt , no mortgage lender will help or modify the loan and stress of all this is driving my marriage with the ground . We are looking to buy a house forclosed firesale priced under the name of my wife / credit and let me fall on the knife with the foreclosure to ensure we have a home for our family . If I do not walk , later this year that will not be able to keep up with current payments regardless of whether or not I am still employed because of the situation of my wife with work and the need to be home with children to save on childcare costs .

Do away at this point makes sense , or am I dilussional here ? I can not see any way out , and a bankruptcy attorney I know you do not need to pay for something , you just have to walk. I live in Michigan to boot , so it certainly will not help anything .

Comments , thoughts or tips .. please!

answers

This question still have no answer summary yet.

This Question: "Might walk from my mortgage in Michigan?" No answers yet.

Be the First! Or read related questions

Anonymous Sign In Sign Up
Add Answer of
Might walk from my mortgage in Michigan?

Did this answer your question? If not, ask a new question.

Related Answers