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tandm · 04-15-2009, 06:06 PM

johnny~

your credit will hit the floor if you foreclose so would you be able to qualify for the $20k home? If so, no, I don't think you're crazy. But that's the question... you may not be able to get the loan for the less expensive version of your home because your credit's tanked.

04-15-2009, 06:06 PM	#3 (permalink)
tandm Senior Member Join Date: Jan 2009 Location: Orange County, CA Posts: 163 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Am I foolish for thinking of walking? johnny~ your credit will hit the floor if you foreclose so would you be able to qualify for the $20k home? If so, no, I don't think you're crazy. But that's the question... you may not be able to get the loan for the less expensive version of your home because your credit's tanked.