News & Insights

Mitchell Sussman explains when walking away from a mortgage does not lead to a lawsuit. State laws can make a major difference in what happens after a homeowner stops paying a mortgage. Mitchell Sussman explains that in states with anti deficiency laws or the one action rule, a borrower may be able to walk away from the home without personal liability for the loan.

Mitchell Sussman explains that walking away from a house is not the same in every state. Some states protect the homeowner, while others still let the bank sue for the loan.