There are really many people who abandon their homes and cut off their mortgage payments.
As the name suggests, house abandonment means that the home buyer chooses to give up the house and no longer repays the loan to the bank due to various reasons.
Home is a warm harbor, especially people who are wandering outside want to own their own home, so buying a house has become a dream for many people. Houses are a commodity that maintains their value, and more and more people are taking loans to buy houses as an investment.
Many people do not choose to buy a house in full when they buy a house. Most people choose to obtain a loan from a bank to buy a house.
Buying a house with a loan means that they have to repay the loan to the bank regularly. With the improvement of the property market and the decline of house prices, this is undoubtedly not good news for those who are about to buy a house, but for those who buy at a high price For people who have bought a house, it means they spent more money. Therefore, many people choose to abandon their homes and cut off their mortgage payments.