What to do when you mortgage is underwater and you can't pay (Market Watch)

Story date: 2007-12-13 04:41:15
Added on: 2007-12-13 18:41:29

WASHINGTON (MarketWatch) -- Question: What do I do when I owe a $450,000 first mortgage, a second at $115,000 and new houses he same as mine are selling for $500,000? I owe two months on the first and two months on the second, and I cannot pay. What do I do?


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