REVscene Automotive Forum - View Single Post

hud 91gt · 01-07-2020, 03:52 PM

The value can certainly be less then you owe but US mortgages are completely different then Canadian and the major reason for the US meltdown. They actually have to requalify for their mortgages. Here, as long as you can make your payments (interest rates stay low), you aren’t going to lose your house, nor is anyone going to try and take it away.

Walking away and declaring bunkruptcy isn’t a nice process. Although if you live like nost (debt and payments without assets), maybe it is. Lol

01-07-2020, 03:52 PM	#15212
hud 91gt RS.net, helping ugly ppl have sex since 2001 Join Date: Feb 2002 Location: Vancouver Posts: 8,411 Thanked 4,035 Times in 1,557 Posts Failed 35 Times in 27 Posts	The value can certainly be less then you owe but US mortgages are completely different then Canadian and the major reason for the US meltdown. They actually have to requalify for their mortgages. Here, as long as you can make your payments (interest rates stay low), you aren’t going to lose your house, nor is anyone going to try and take it away. Walking away and declaring bunkruptcy isn’t a nice process. Although if you live like nost (debt and payments without assets), maybe it is. Lol __________________ Crush - 1971 Datsun 240z - Build Thread The Daily - Rav4 V6 - “Goldilocks” Last edited by hud 91gt; 01-07-2020 at 03:57 PM.