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Posts: 156
Since we were talking about underwater mortgages. There were 14 other offers for the house I'm trying to buy. Only I had 20% down + financing
Posted by
ceregon
Nov 24 '09, 09:16
Granted, the house sold for 292K in 2006 and I'm buying it for 119K, but if you don't put much down, it's really easy to end up underwater.
Responses:
Yup. I made the mistake way back in 2003 abd bought my condo in colorado 0 down - still down the damn thing - its a rental but I learned my lesson :)
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Capstern
Nov 24, 09:28
I, for one, would love to start a new life under the sea. -- nm
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mafic
Nov 24, 09:28
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