Legal Question in Real Estate Law in Michigan

I am upside-down on my house by over $100,000. Can I walk away from it and let the lender foreclose on me? My wife just died (lose of income) but if the bank digs deep enough I could just barely continue to make the payments - I have my older first home which I could not sell after I bought second home just before economy dropped so not worried about bad credit. I have a good job but having 2 homes with 2 mortages is slowly draining me dry..........


Asked on 12/24/09, 5:22 pm

1 Answer from Attorneys
Timothy Klisz Klisz Law Office, PLLC

You do have various options, some which are better than others. I would be happy to discuss with you in detail. Visit me at www.kliszlaw.com to discuss. Tim Klisz

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Answered on 12/29/09, 5:31 pm


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