Question by arcaneview: My home's worth 1/2 of my mortgage! Question resubmit with more details.?
I purchased my house in a suburb outside of Detroit in 2004 for $ 147k which was one of those awesome 105% loans where the concessions paid for my closing costs.
The issues starts where my wife lost her job at the end of the first year of us owning it (causing us to go bankrupt on some credit card debt) but I could still make the house payments on just my income. Since then, gas is 4 to 5
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