What will happen if I walk away and foreclose on a Primary home mortgage loan? Would I still be in debt?
The house is in Las Vegas, and it’s a Primary home Mortgage.
I live and work in Los Angeles, and I live in an apartment, I don’t own any other property.
I was wondering, what would happen if I walk away from the Mortgage and foreclose it, would I still be in debt? Could the bank sue me and take money out of my account and paycheck?