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Mortgage Matters
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What if the value of my home drops? Am I still personally liable on the outstanding mortgage?

It depends on the law where you live and the type of mortgage you have. Each state has its own highly technical and very different rules in this area. If you find yourself in this situation, you would be better off asking a lawyer to review all your options and liability.


Related Information
» General Questions
» Reverse mortgages
» Types
» Deeds of trust
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» Contingency clauses
» Bad credit rating
» Fannie Mae, Ginnie Mae, Freddie Mac
» Foreclosures
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» Pre-payment penalty
» Legal help
» Lowering and Cancellation of Home Equity Lines of Credit
» Loan Modification

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» Real Estate Law
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» Landlord Tenant
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