Should I Give Back My Home Keys?

Debt troubles are increasing fast, with a good number of house owners experiencing financial distress under the burden of unmanageable repayment demands. The deteriorating economy is driving thousands and thousands of homeowners into mortgage arrears, with the genuine menace of repossession proceedings hanging over them. When it becomes apparent that a mortgage is not affordable, some people are tempted to merely relinquish their keys and walk away, hoping that this may possibly clear up the situation. In actual fact, your mortgage loan supplier could even suggest this as a strategy. But is this a wise decision?

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