What happens if I just walk away from my home?

What happens if I just walk away from my home?

After determining that your home has become a bad financial investment, you might decide to simply stop making mortgage payments — “walk away” — and default. Eventually, the lender will foreclose on your home.

Can I walk away after home inspection?

Can You Walk Away From a Home After an Inspection? The answer is yes! It is one of the most common times to walk away when a home is under contract. Buyers don't always know what is inside the home or the parts that make up the home until the inspection is complete.