Upside Down Mortgage

upside down homes

Question: Why does it matter if you are upside down on a home loan? Why is that a cue to stop making payments? Or is it?

I mean if I owed more on a car than it was worth, I'd still pay for it. This is a common thing, at least somewhat. Why is it different with a home?

Answer: It's belived that whenever the bottom is reached in the housing market, it could be many years before the home is at a value to resell it. With a car one is replaced within 5 yrs in most cases.

Upside Down Cucumbers - Home Vegetable Garden

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