Dear Debt Adviser,
What information or advice can you give us in regard to an upside-down home loan? We purchased our home in Fresno, Calif., just a few months before the beginning of the housing price burst in 2007 and put a 20 percent down payment on $600,000. Our home is now devalued to $400,000, and we are upside down by $60,000. Are there any programs or relief for these situations?
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Posts Tagged ‘down’
Stay in home if upside down
Friday, March 27th, 2009Tags: down, home, Stay, upside
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