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The Water Cooler
General Discussion
Stock Market… this isn’t good IMO
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<blockquote data-quote="ttown" data-source="post: 3799305" data-attributes="member: 2114"><p>Im not sure how contracts are written now but since it’s the lenders collateral if you house drops in value and they’d be underwater they can call for you to pay for the lost value in the home.</p><p></p><p>In the Great Depression as I remember the values were dropping so fast people just moved out and let them go.</p></blockquote><p></p>
[QUOTE="ttown, post: 3799305, member: 2114"] Im not sure how contracts are written now but since it’s the lenders collateral if you house drops in value and they’d be underwater they can call for you to pay for the lost value in the home. In the Great Depression as I remember the values were dropping so fast people just moved out and let them go. [/QUOTE]
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The Water Cooler
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Stock Market… this isn’t good IMO
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