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If your loan is bigger than the value of the property, can't you just opt to not pay? What's there to lose as a cosumer short of your capital?

1. Lose of property
2. Face bankruptcy petition

(24-01-2013, 09:07 AM)egghead Wrote: [ -> ]1. Lose of property
2. Face bankruptcy petition

To add-on

Foreclosure of a property mean "cheap sale", or in other words, less balance to offset the loan