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When I checked in with the guys who launched You Walk Away LLC earlier this year, they’d had their doors open for a month and had signed up about 100 people.
Today I got a press release from the company, reporting a total of 1,035 clients in the first five months of the year. The company broke down the clientele geographically this way:
59 percent are located in California, 12.8 percent are in Florida, 8.3 percent are located in Nevada, and 7.4 percent are in Arizona.
The rest are scattered across the country.
The company originated from the premise that foreclosure was a choice, not just a last resort. It’s sometimes better to deal with the fallout from foreclosure than keep paying the mortgage on a house that’s worth nowhere close to its original price, they argued.