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Real Estate
Reply to "Tell me how to get out of my underwater house"
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[quote=Anonymous] Facts for ant decision: -bought before the bubble burst - as of 2012 are 30-50k under what is owed v property appraisal -have to live somewhere -closing costs and moving costs for a replacement place to live -moving costs if going into an apartment Now if you can't afford the current mortgage, taxes, insurance, utilities that is a different scenario than just moving because of the appraisal difference. If a replacement property is in a preferred location and was not something affordable when the original purchase was made then I'd look at the big picture. Assume the replacement property is also less than what it would have been at the time of the purchase. [/quote]
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