 |
Re: Lost over 50% equity and have an ARM loan, foreclose?
Posted by kim on July 25, 2008 at 09:07:26:
In Reply to: Re: Lost over 50% equity and have an ARM loan, foreclose?
Posted by Gibbins on July 25, 2008 at 00:43:43:
Yes, that is the big question. All I know is that property values will continue to drop. And who knows at which point we will recover and actually have equity. It could be 5 years but it could also take 5 years to bring our credit back up... it's a tough descision.
Follow Ups:
Foreclosures
Pre-Foreclosures
Assistance
Resources
Investing