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Old 09-11-2007, 12:44 PM
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Join Date: Sep 2007
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Default With all this house foreclosure one wonders how

you can sell your house if you owe more.? I'm sitting here wondering with all of these people losing their houses, can someone attempt to sale their house if they owe more that what they can get for it. How does that work? How do they work with the negative equity? Do they get some kind of unsecured loan or something? Or do they just end up losing their house in the end becuase they can 't sale for what they want?
How do homeowners usually make up the difference after the sle is done. Say 50K left over to pay how can the average person pay back a dept like that?
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