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Or you're still on the hook for the balance of the mortgage, depending on your terms. Either way, you're in a very unpleasant situation.
by bartonfink 16y ago
Or you're still on the hook for the balance of the mortgage, depending on your terms. Either way, you're in a very unpleasant situation.
- eru 16y agoYes, but you're in the books for that anyway. No matter whether you still have the house or not. Though I do see that it is a problem, if you have to come up with the margin call in cash when you sell the house.