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Time for the Government to Start Playing Fair
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<blockquote data-quote="1989" data-source="post: 718039" data-attributes="member: 10280"><p>I just think that, as more says, 20% down helps. If I have 40K in my 200K home. Even if the value of the house goes down 50%. I would owe 160K on a 100K house, but I have 40K in it. I would hope that the value recovers, stay in the house because I need to live somewhere. But if I choose to walk away the bank would be in a better position. Personally, I would have a hard time walking away from that 40K.</p></blockquote><p></p>
[QUOTE="1989, post: 718039, member: 10280"] I just think that, as more says, 20% down helps. If I have 40K in my 200K home. Even if the value of the house goes down 50%. I would owe 160K on a 100K house, but I have 40K in it. I would hope that the value recovers, stay in the house because I need to live somewhere. But if I choose to walk away the bank would be in a better position. Personally, I would have a hard time walking away from that 40K. [/QUOTE]
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