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One problem with the value dropping (assuming you're still paying off the mortgage): lenders can freak out and call the entire mortgage due and foreclose on you
by falcolas 4y ago
One problem with the value dropping (assuming you're still paying off the mortgage): lenders can freak out and call the entire mortgage due and foreclose on your home. They did this extensively after the subprime mortgage issue.
- thfuran 4y agoAnd even if they don't, if it happens early in the mortgage, it can pretty easily make it impossible for someone to be able to move.