Steps to leaving

[stanblam]

I read many reaffirm/no reaffirm examples, they are great. I, however, do not have any equity in the home, so no loss to me what so ever... but,,, can you tell me how the actual walk away process went? We are currently continuing making payments to the bank, although I was discharged last month. I will continue until I find a home I want to rent,,, but when I leave, do I simply leave? Turn off the power and walk? Turn off all utilities and transfer them to the new rental? So if the home is dark, frozen, burns down,,, I have no concerns?? Tell my insurance guy, hey,,, I don't live there?? Did you contact the bank to let them know the home is empty and congrats, they have yet another home in their books?? Thank you so much, John

[JRScott]

If you didn't sign a reaffirmation agreement you can walk/drive to the lien holders nearest office and walk in and turn the keys into them and you owe nothing.

If you did reaffirm then you'd still owe the debt even if you did the above.