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Old 12-29-2009, 05:19 PM
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Default my condo mortgage is $135,000, others are being...
...sold for $45, how do i get out?
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Old 12-30-2009, 12:27 AM
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This is known as being "under water". If you sell for 45,000 you'll have to add 90,000 to retire the loan. Not good but many people are in similar situations. Sorry.
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