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In short: yes. Imagine you bought a home using a mortgage in the year 2000 in Silicon Valley. Then you go bankrupt in 2007. Your home will probably have appr
by throwaway2037 3y ago
In short: yes. Imagine you bought a home using a mortgage in the year 2000 in Silicon Valley. Then you go bankrupt in 2007. Your home will probably have appreciated 100-200% during this crazy period. It is very possible you will receive money back from the bank after they sell your home.
- tsimionescu 3y agoMy question was specifically about the opposite case, so I'm not sure what your point is. Specifically, I'm asking if the mortgage deals the poster above was discussing would help if the house is now worth less than the mortgage.