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mortgage security
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iseedit
Posted 3/1/2015 19:00 (#4423623 - in reply to #4423551)
Subject: RE: Upside down ~



central - east central Minnesota -

stevehin - 3/1/2015 18:32

a4t-1600, they are "upside down". I don't know what that means. But they are planning to just walk away and loose everything they have put into the house, since 2007

Upside down means - the home has more debt owed against it then its appraised value ~

Edit: Ahhhh, bollpuller beat me to a reply ~



Edited by iseedit 3/1/2015 19:04
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