http://www.bostonreb.com/2008/10/the-bigger-problem-real-estate-debt-credit-card-debt/ Boston real estate, Boston condos, Boston luxury condos, Boston luxury real estate, Back Bay condos, Back Bay real estate, Back Bay luxury condos, Boston Back Bay condos Mon, 06 Feb 2012 05:38:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.bostonreb.com/2008/10/the-bigger-problem-real-estate-debt-credit-card-debt/comment-page-1/#comment-5467 Lisa Mon, 13 Oct 2008 18:27:28 +0000 http://bostonreb.com/?p=8706#comment-5467 Maybe that's the problem to many homeowners are walking away. Let them be responsible for the difference in price. Keep it on their credit record until they pay-up. Maybe that’s the problem to many homeowners are walking away. Let them be responsible for the difference in price. Keep it on their credit record until they pay-up.

]]> http://www.bostonreb.com/2008/10/the-bigger-problem-real-estate-debt-credit-card-debt/comment-page-1/#comment-5466 anon Mon, 13 Oct 2008 15:30:37 +0000 http://bostonreb.com/?p=8706#comment-5466 Legally it is difficult to walk away from credit card debt. It basically has to be paid. OTOH, walking away from a mortgage is easy in the US. Just give the bank the keys. Legally a bank can't come after the borrower for any money owed from what the bank loses by selling the house. YMMV according to the state you live in. Legally it is difficult to walk away from credit card debt. It basically has to be paid. OTOH, walking away from a mortgage is easy in the US. Just give the bank the keys. Legally a bank can’t come after the borrower for any money owed from what the bank loses by selling the house. YMMV according to the state you live in.

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