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so, if someone owes $200,000 on a mortgage, and the house has a fmv of $170,000, you

July 5 2009 at 11:29 PM		   (Login 34Drive)
HyperScale Forums
from IP address 75.181.49.130


Response to Ayup....
think that the mortgagor will just quit making payments, and let it foreclose? That's not unthinkable, but strange. Where will they live? With bad credit, who will rent to them? If they go into bankruptcy, won't they be barred from buying a decent home for years?

 
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