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Re: As Home Prices Fall, More Borrowers Walk Away 

By: ribit in ROUND | Recommend this post (2)
Wed, 11 Jan 12 5:20 AM | 52 view(s)
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Msg. 37911 of 45651
(This msg. is a reply to 37878 by capt_nemo)

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captain
...walking away isn't the end of it. When ya walk away from a home loan, the bank forecloses then resells the home. If they sell it for less than you owed on it, you are still on the hook for the balance.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
As Home Prices Fall, More Borrowers Walk Away
By: capt_nemo
in ROUND
Tue, 10 Jan 12 10:10 AM
Msg. 37878 of 45651

http://bottomline.msnbc.msn.com/_news/2011/12/21/9614305-as-home-prices-fall-more-borrowers-walk-away


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