Quote:
Originally Posted by KC911
What if you can absorb the loss and just walk away? I have other options... worse case scenario...
No worse than a stock market crash or Enron  |
I'm not sure I'd want to absorb a 400K loss even if I could. A market crash is only paper loss unless I cash out. The loss of a home is very real in an immediate sense. But! On top of the loss, I have to replace the home and then run the risk of loss again. I favor paying the insurance and minimizing risk of loss.