Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
how many home owners is upside down on their mortgage?
hi guy's and dolls, i have really been concerned about losing money on my mortgage. like dig this one in 2005 my home was worth $190,000.00 but the way i got this figured i have lost anywhere from $50,000.00 to $60,000.00 on paper so far although in my area property value has not started falling around here. i tell my wife and she just saids i am not worried about it but i am like dig this when we bought our property we paid one price for it so when we go to sell the way i got it figured i will be able to ask half for it so i will have to come up with half of the money to pay this mortgage off to buy a new one and that is crap man! so i am opened to hear some real scary stories about you poor people that is in the bigger cities so make those stories as scary as you can it will take my mind off how i am going broke just by buying real estate. my grand dad always said buy real estate you will never lose in real estate do you hear me grand dad in the mansion in the sky i am losing my shirt in real estate! so let's hear what everybody else is going through so let's hear what ya all has got to say. i am in the bible belt that is somewhere in the middle of the twilight zone
4 Answers
- 1 decade agoFavorite Answer
if you have lost 20K or more "on paper" and you do not even live in a hard hit metro area like dc/cali/florida etc then your reaction is right and something is really worth getting scared over.
Source(s): county appraiser - chatsplasLv 71 decade ago
Punctuation and complete sentences would make your post more readable and comprehensible.
Paper losses are a loss of something you never had, it wasn't real, and now it's gone. You need somewhere to live, you've got this house and you can afford it, so pay what you promised the bank to pay them. Housing prices have stabilized in most parts of the country, they are not on a downward trend now.
Source(s): As long as you have some equity in your home, who's to say granddad was wrong?? If you had been renting, you'd have none. - ?Lv 44 years ago
right this is Obama answer, in case you're contemporary on your fee yet your loan is for greater suitable than the home is properly worth, then the gov. ought to have a software for you yet you're able to desire to have staggering credits. in case you're in the back of on money and extremely own a 2nd on the domicile and your house is properly worth decrease than what you very own then you could choose to be certain a good criminal expert. the 2nd could get written off yet you need to could desire to do a value plan on the hobby the financial company could desire to have earned for 3 to 5 years. the 2nd could be long previous and the different credits card debts could visit. that's called a BK. With over 2/3 of yankee properties the different way up or interior the rears of fee, you're able to think of that with the money spent of those so call help classes, they could have sufficient to pay for each individual's 2nd and basically go away the 1st. the respond needs greater time to describe yet i myself think of you will ought to be certain an astonishing criminal expert. George
- ?Lv 71 decade ago
I have no mortgage but house has increased in value 500% Location, location and location.
All it means is your property taxes should decrease. Did you buy this as an investment or as your home.
