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In response to
"Is JackDawson crazy or am I? Do banks forclose or demand more money from loans where the house value drops below the loan amount?"
by
oblique
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It depends on what the loan documents say. It is possible that there is a right to do that, but it's highly unlikely in today's environment that they
Posted by
pmb (aka pmb)
Feb 20 '09, 13:44
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would if payments are being made. It's also unlikely that they would find out unless you look to renegotiate and they get a new appraisal.
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Responses:
- [deleted]
11
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