I would like to know the nature of voluntary repo of a home. Can you let me know what would happen if I can no longer afford my mortgage and opt not to refinance because the mortgage would still be too high since I've had a death in family 5 months ago and I no longer have any assistance with my mortgage. Is it the same as voluntary repo on a car. I own my car out right, have never been late on my mortgage. I tried to sell my house and it just isn't going anywhere. Can I voluntary let my home go and what are the consequences. Help, need information badly in New Hampshire.