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You need to decide what your long term goals are. If it's a home you plan to live in for a long time, then you may want to tough it out. Your goal is to stay in the home, not sell it for a profit or rent it out. If the property was purchased as an investment for your future, or otherwise selected for its financial viability as an asset, you could short-sell the home (sell it for less that you owe) or surrender it to the bank (deed-in-lieu of foreclosure). While there are negative credit and tax implications (in some instances), the "hit" of these negatives may be far less damaging over time than floating a negative asset may be to your long term finances.
What else can I help you with?
Should you date a guy who does pot?
no...you are worth more than that
What does it mean when you owe more on your mortgage than your home is worth?
It means when you finish paying off your house it will be worth less than what you bought it for.
Can the bank legally sell a home in forclosure for more than What is its legally worth?
The bank can sell the property for any price they can get for it. No one is going to be willing to pay more than it is worth.
How much is a first edition worth?
it should be no more than 20 dollars
Is it worth buying a mobile home?
If you are looking for a small home to live in, it's much more economical than a house.
Should you use different verbs in this sentence College costs more than I thought I should have saved more of my salary when I was still living at home?
College costs more than I thought. I should have saved more while I was still living at home.
What is the typical use for a usb cable?
They are worth more than 10 dollars.They are worth more than 10 dollars.They are worth more than 10 dollars.They are worth more than 10 dollars.They are worth more than 10 dollars.a
Should I go Home With Daddy or stay at the Host's house?
You should stay at the place more peaceful than home.
Where can one find a property in the UK worth more than 100 million GBP?
18 Carlton House Terrace in London is rumored to be worth more than 100 million GBP, 250 million GBP to be exact. This private 6 story, 50 000 sq ft home is worth 1537 times more than the average home sold in the UK today.
What is worth more than a euro?
The pound is worth more than euro.
Can a home be sold with a lien 3 times more than home is worth?
Yes, but the lienholder can only receive the actual amount of the sale.
What should you do if you have a second mortgage on your home and you owe 100000 between the 2 mortgages and the house is worth 85000 but you would like to pay off some credit cards?
you are in upside down then. I am surprised you could have mortgaged for more than the house is worth
