we buy underwater homes: Mortgage Is More Than What The Home Is Worth?
- 09/19/15 06:18 AM
I have dealt with this situation many times before. Mortgage is More that what the Home is Worth? Here is an example. Homeowner owes more money than their home is worth ($200000 to be precise) and tries to list it on the MLS for sale for at least the mortgage an mount owed so they can just e rid of the property and can move on. The home values in the neighborhood have dropped significantly and now brand new houses, all remodled, with the works, are selling for only $140000. Buyers are not biting because of the price and the home … (1 comments)
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