Originally Posted by
7051
WindsorDave,
Documenting a severe crime issue is just one small piece of the very complicated short sale process.
Please don't type things I didn't type.
A short sale or keys in lieu of deed without getting the bank to specifically give one a forbearance on the difference of one's mortgage and the amount they sell the house for may result in the financial institution, or someone who buys the debt, coming to collect from you in the future. Therefore, a bankruptcy also needs to be filed after a short sale, keys in lieu of deed or a a simple walkaway.
Therefore, one doesn't just walk away, there are always future consequences to backing out on a contract[[mortgage) agreed to. You don't "just walk away".