Sunday, October 26, 2008

Need to sell your home

If you owe more than your house is worth, you may be thinking you want to move out. But if you owe $200,000 and your house is only worth $150,000 in today's market, then you have three options. Option #1 is that you can put $50,000 cash in and sell your house. The buyer puts in $150,000 and you put in your $50,000.

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