They do if they have no savings and the payments are more than any income they are getting. It’s better to quickly sell before the fees start for non payment. There are also options to put your home on forbearance while it’s on the market so the homeowner could have done that immediately to prevent the house being repossessed.
When you see moving to a smaller house is inevitable, it might not be worth it to delay for some additional months. Better preserve the savings so they last longer. When your economy goes south, better start more economical life right away.
If you have a reason to believe you might be living off your savings for the next two years, you will want to maximize your savings. If you have paid enough of your house to buy the smaller and more remote one with cash, then that’s what you should do.
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They do if they have no savings and the payments are more than any income they are getting. It’s better to quickly sell before the fees start for non payment. There are also options to put your home on forbearance while it’s on the market so the homeowner could have done that immediately to prevent the house being repossessed.
deleted by creator
When you see moving to a smaller house is inevitable, it might not be worth it to delay for some additional months. Better preserve the savings so they last longer. When your economy goes south, better start more economical life right away.
deleted by creator
If you have a reason to believe you might be living off your savings for the next two years, you will want to maximize your savings. If you have paid enough of your house to buy the smaller and more remote one with cash, then that’s what you should do.
deleted by creator