ST Alpha - "To answer one of your questions, they don't totally get away scot-free, as their credit will be hurt badly for ~7 years. -- nm" (Reading a Post)

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In response to "i'm assuming you're not able to make your monthly payments? we're stuck in a house that's worth way less than what my husband bought it for and yeah" by kare

To answer one of your questions, they don't totally get away scot-free, as their credit will be hurt badly for ~7 years. -- nm

Posted by Don Homer (aka DonHomer) Jul 18 '11, 11:49

(No message)

Responses:

well yeah. but scot-free as in just being able to walk away from a 50k, 100k or more debt? -- nm - kare Jul 18, 11:50 1
- there are federal and state tax implications as well -- nm - tRuMaN Jul 18, 11:51

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