notice of default: Are you upside down in your mortgage? Here’s what you can do. - 01/07/08 10:12 PM
Homeowners who bought real estate in the '05-'06 boom, especially those who took out mortgages of near 100%, find themselves upside down with nowhere to turn. With a mortgage of $400,000 and a current market value of $320,000, many are frantic to sell and get the load off their back. But is selling the best answer for your situation? Find your scenario and assess your options: SCENARIO 1: We are staying to raise our family/retire here. If this is your situation, and your monthly payments are affordable for you, sitting tight may be the answer. Values will climb upward again as time goes (0 comments)
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