Legal Question in Real Estate Law in Georgia

My wife and I are both retired. We have social security and retirement income only. We are at the end of a chapter 13 bankruptcy and are waiting for discharge papers. We have no credit card debt. We have a mortgage of $157,000.00 on our home with very little equity. WE would like to move but know we will have to rent as we will be unable to get a loan to purchase a home. My question is as follows: What are the legal ramifications of walking away from a mortgage? Can they come after your retirement income?


Asked on 3/01/10, 11:59 am

1 Answer from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

You can be sued for walking away. Discuss this with your Chpater 13 lawyer.

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Answered on 3/06/10, 12:19 pm


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