Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

4 Bumps

Are you upside down in your mortgage

Do you owe more than your house is worth? Do you ever feel like it is not worth it to keep it?

Answer Question
 
voni681

Asked by voni681 at 11:15 AM on Mar. 22, 2011 in Money & Work

Level 17 (4,469 Credits)
Answers (16)
  • Thankfuly no.
    okmommy08

    Answer by okmommy08 at 11:16 AM on Mar. 22, 2011

  • everyday!!!!!!! When this house was appraised, they didn't even come out and look at it. They gave it a desktop appraisal. Now we are having serious issues with the foundation....and every time I pay the house payment, i have to remind myself why walking away is not an option right now.
    kitchenwitch78

    Answer by kitchenwitch78 at 11:16 AM on Mar. 22, 2011

  • I haven't reached that point but I'm considering selling my house to buy a nice well equipped RV. Then I can live in it (j/j)
    Alexias30

    Answer by Alexias30 at 11:20 AM on Mar. 22, 2011

  • No, thankfully.
    Inloveagain

    Answer by Inloveagain at 11:21 AM on Mar. 22, 2011

  • No, no mortgage for us....
    older

    Answer by older at 11:26 AM on Mar. 22, 2011

  • no.

    bought at 600 and at the high point could have sold it for 1.3............ we still owe less than it is worth but we did an addition and the market turned down so now we would only have about a 300K profit.
    Anonymous

    Answer by Anonymous at 11:30 AM on Mar. 22, 2011

  • No we are not.
    August07Mom

    Answer by August07Mom at 11:42 AM on Mar. 22, 2011

  • We are on the edge.
    meooma

    Answer by meooma at 11:45 AM on Mar. 22, 2011

  • Nope, bought our house after the housing market crash, now my house is worth more then I owe by about $30K (if anyone would buy it lol).
    kaylan010

    Answer by kaylan010 at 11:48 AM on Mar. 22, 2011

  • No. We bought our house 11 years ago for $99,900. During the boom it's value went up to $220k, we just had it appraised (for a re-finance) and it appraised at $108k. Thankfully we only owe 1/2 of that.
    slw123

    Answer by slw123 at 11:57 AM on Mar. 22, 2011

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN