Owners turn to short sales for houses
“The values of a lot of these houses were inflated as a result of the real estate boom. Now we're in a bust. The values aren't there. It's all starting to catch up with everyone”
HACKENSACK, N.J. - What do you do if you can't afford your mortgage payments of more than $3,700 a month, but can't sell your house for anywhere near the amount you owe on the mortgage? That's the dilemma ... via Lansing State Journal
Join the discussion below, or Read more at Lansing State Journal.
#1 Mar 9, 2008
We all know what the dilemma is. What is the answer?
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