Why walk when you can be evicted?
Since one’s credit is going to be trashed either way, why walk when one can wait anywhere from 8 to 10 months to be evicted after they’ve quit paying the lender? That’s effectively free rent for that whole time. The county usually notifies the occupant at least 7 days before physical eviction takes place….more than enough time to get out of the house without incident. Seems like this would be the most cost effective thing to do if you really dont care about the debt and credit. And, quite often the new owner will even pay you to leave before the eviction so as to get into the property as early as possible.
