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Even if your house gets foreclosed on, they don't confiscate it; you still own whatever equity you have in it, so you get a check when it's sold. Yes, you don't
by drfuchs 6y ago
Even if your house gets foreclosed on, they don't confiscate it; you still own whatever equity you have in it, so you get a check when it's sold. Yes, you don't build equity quickly at the start, but still it's better than the rental situation in this regard.