Due to loss of income, we have decided to sell our house and rent for awhile. We are not upside down on our loan, and maybe even gained a bit of equity (maybe $5k). But my question is, if we put the house on the market and then stop making the payments- what will happen when we try to close? This is not something we plan to do but just wondering in case we have no other choice. Thanks!
What happens if I stop making mortgage payments while house is for sale?
- Thread starter Abby
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