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Worst case scenario if you can’t afford your home anymore?
Worst case scenario if you can't afford your home anymore? If I bought a house which dropped in value and I can no longer afford the payments, what are the ramifications? Say I bought and overpaid for a house for $1.2M and now the house is worth $900k. Does the bank take back the house and come after me for the remaining $300k from my other assets?
submitted by /u/starterupperdowner
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