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No, because no matter what, I'll still owe the bank the difference between the value of the house and the mortgage balance. If I was foreclosed on, then my cre

No, because no matter what, I'll still owe the bank the difference between the value of the house and the mortgage balance. If I was foreclosed on, then my credit is wrecked and I wouldn't be able to get a mortgage on the new house.

frumper 4y ago
I know several people that walked away from homes in 2008 and if they had a good job they bought another home for half the price down the street. Your fears didn't materialize for them. Every one of them bought nicer homes as well.
polski-g 4y ago
Have your spouse pay for the new house.