Thinking of Walking Away?
There are homeowners who find themselves in a situation where servicers begin the foreclosure process, postpone the sale and never follow through with the foreclosure. My dad snail-mailed me an article last week that appeared in the Aid Association for Retired Persons News Bulletin about a woman named Archie Stewart, who abandoned her house in Cleveland (presumably because she couldn’t get the lender, HSBC Bank, to negotiate with her on her house payments, although the article doesn’t give specifics about her specific situation).
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