sale for $225000 is different from get $225,000.

来源: jin_yin_hua 于 2008-11-19 11:46:44 [] [旧帖] [给我悄悄话] 本文已被阅读： 次 (496 bytes)
回答: In 2005, house price went to the highest point. 由 jin_yin_hua 于 2008-11-19 09:36:57
It is up to how much the loan. If he bought at $300,000 and borrow $250,000. He got nothing. Like short sale. The records only show sold price. I don't think he paid off. In CA The loan amount can be found through the record. This is the reason I don't like this kind article. OK if I have asset for about 20M, but the bank owns 99.99%. Am I rich ? I think his family is in financial trouble even both of them are working.
I agree "the bottom-line is: violence does NOT solve problems"

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• fair enough. he could have negative equity. -panzerkom- ♂ 给 panzerkom 发送悄悄话 panzerkom 的博客首页 (0 bytes) () 11/19/2008 postreply 11:51:43

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