Quote:
Originally Posted by TidalWave
Thats only if the value of the home hasn't dropped below what he owes... which now a days is a frequent problem.
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Our home was 247K, it is now valued at around 148-150K. I think we lost a good amount of green backs, and you are right about some homeowners owing more than the home is worth which is why people are just walking out and taking everything with them.
I would not doubt it if our home is worth even less because the figure I stated were before many of the neighbors tossed in the towel and left.
I know the home behind us is totally upside down and it has some serious foundation issues that he had mentioned to us when they first moved in. I guess they found all this out when having the home tiled.
The A/C quit and they are living with an evap cooler now....yikes that has got to be a real humid, hot, sultry mess....or what ever you want to call it, it is no picnic.
Point being, the home is in disrepair and upside down......