Quote:
Originally Posted by Atticus
Yes, it makes your house drop in value but that doesnt affect whether or not you can make the mortgage payment you agreed on. You either can afford it or you cant.
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It doesn't affect mom & pop who intend to stay in their home until they go to the grave. But for those not emotionally attached to their properties, trying to make a little profit, it is a very big deal. Especially when you can't get people interested even at a half million dollar loss price. It is a very big deal.