Quote:
Originally Posted by Titan
Dude. Just for example. Mortgage plus Heloc worth more than appraised value. Insert your own numbers if you like.
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Thanks for clarifying. I was assuming by "Down the Deerfoot" you're near Calgary but in places like Vegas and Phoenix a 50% drop is reality.
ResAlien pretty much summed up the options. Get some professional advice. Banks will only go to foreclosure or short sell if they have to as it's a last case scenario.