glenn
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No longer have a job. No longer live there and it is owner occupied loan. Home has gone way down in value and no longer worth as much as the loan is. Home is in very bad shape. Home can no longer be insured (near New Orleans some homes can not get insurance for fear of storms).
Bad credit. How many reasons do you want?
Anonymous
low equity in the home
insufficeint income
insufficient credit
home value decrease
too much other debt
Ed Atun
They lost their job.
They house is worth less than their current mortgage..