Loan Modification Forum - LoanSafe.org - View Single Post - Should I keep paying? Want to do a short sale.

iulloa · 06-23-2009, 10:44 AM

JesseTNC - I happened to come across your posting and realized that we are in exactly the same boat you are in! We have come to the conclusion that we simply want to walk away. Our house is so upside down it's not even funny, we have close to a 2k montly mortgage payment which takes up 70% of our mortgage and we are just simply tired. We are also ready to walk away and happily become renters. Provide our children with happiness and stability rather than stressed out parents with a pretty home they can't afford! My biggest worry right now is...Do mortgage companies have access to touching your paychecks from your bank? Can they go into your account and wipe it clean? I want to pay off other debts with what would otherwise be our mortgage pymt and save save save to be able to move on comfortably...Any advise?

06-23-2009, 10:44 AM	#11 (permalink)
iulloa Senior Member Join Date: Jun 2009 Posts: 42 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Should I keep paying? Want to do a short sale. JesseTNC - I happened to come across your posting and realized that we are in exactly the same boat you are in! We have come to the conclusion that we simply want to walk away. Our house is so upside down it's not even funny, we have close to a 2k montly mortgage payment which takes up 70% of our mortgage and we are just simply tired. We are also ready to walk away and happily become renters. Provide our children with happiness and stability rather than stressed out parents with a pretty home they can't afford! My biggest worry right now is...Do mortgage companies have access to touching your paychecks from your bank? Can they go into your account and wipe it clean? I want to pay off other debts with what would otherwise be our mortgage pymt and save save save to be able to move on comfortably...Any advise?