“A foreclosure walk away is not good for anyone ”” the neighborhood, the consumer, the investor. The more that we see this activity, the more we will see a downward cycle in the housing market,” [Joanne] Gaskin said.
“A foreclosure walk away is not good for anyone ”” the neighborhood, the consumer, the investor. The more that we see this activity, the more we will see a downward cycle in the housing market,” [Joanne] Gaskin said.
It depends on the situation. If you can afford the mortgage and are content to stay then you should probably stay. If not, you are throwing good money after bad. Like the saying goes, when you find yourself in a hole the first thing to do is stop digging.