I had several finance hardships and am unable to pay for my home in AZ. I now found out that home is worth 100,000. less than I paid for it. Can I just drop off the keys and let them know I can't do it anymore? I am deep in credit card debt because I tried & put several payments on my cards to try to keep up & ended up going to a debt consolidation service.
Both mortgages are with the same bank.
When the house goes into foreclosure, will I have to pay anything else? Can they garnish my wages or seize other bank account?