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Reply to "selling house to pay off debt?"
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[quote=Anonymous]I am posting this on behalf of someone. Her husband has lost his job and has not found a job for a year now. She is not working. She is now staying with her sister and kids are going to public school. They have $120,000 in debt. They have a house that can sell for about $475,000. They have put up their house on the market to pay off the debt. Is it wise to do so? No other assets available. Any guidance is helpful. Thank you. [/quote]
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