Quote:
Originally Posted by Wookie
I don't think so. In fact a mortgage doesn't even go on your credit report. I'm pretty sure you can just walk... then go buy another house.
Possibly part of the reason we're seeing this.
"hmmm, my house "a" ($80,000) is now worth 20% less than my mortgage ($100,000), I'll walk away, get house "b" for ($80,000) and save $20,000 or wait even longer and pay $70,000.
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im not saying you are wrong, but i find it hard to believe that this would be the case.