| Re: Walk Away in AZ
knabrusc
Thanks for replying.
In response to the questions you had we do plan on still paying our other bills and just letting the mortage go.
I don't believe our loan is a HELOC (not quite sure what that is).
knabrusc, are you planning on staying in your home for as long as you can?
I know the situation isn't the end of the world, but your right, when it comes right down to it, it's a business decision, and our own decision to do so, with my families best interests.
So what your saying as far as the tax laws and stuff go, we don't have to claim that portion that the bank lost on our home as income on our taxes even with out that mortage relief act in place or not?? |