What Happens if You Abandon Your Home and Let it Foreclose?
When you are facing foreclosure, it can be tempting to just give up and walk away from the home. Before abandoning your mortgage, you should consider the possible consequences of letting your home foreclose. Sometimes abandoning a house might seem like the best option, but foreclosing on your home often does more harm than good.
Besides losing your home and possibly having no place to live, allowing your home to be foreclosed will dramatically affect your credit rating and make it