I am asked daily whether or not it makes sense to pay or walk away from a mortgage.
The answer is simple: It is up to you.
Pay or Go.com ; is a a calculator that you may use a financial approach to the decision. There are also some great links to national news articles that discuss the decision to stay or go.
ABC recently ran a news piece on strategic default
via Should You Dump Your Mortgage? – ABC News.
Whatever you decide, know that you have many options including a short sale. Of course, no option will be pain free as most will result in a reduction in your credit score at a minimum. If you need help selling your home, contact MaryAlice Short at 612-554-5901 or MaryAlice@MaryAliceShort.com
