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What happens if you walk away from your home that cannot be repaired in CT?
Anawrites
If you have a mortgage that you walk way from your credit will be ruined when the bank forecloses and it will go after you for deficiencies when the property is sold for less than what you owe. Also, the town will initiate a tax taking procedure against you for unpaid property taxes. That will also show up on your credit report. The city and the bank can add any costs associated with the removal of debris, upkeep and with securing the property.
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∙ 14y ago
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