Join Date: Sep 2004
Sportbike: 04 Zuma, 06 Crf50
Years Riding: sho' nuff!
How you found us: Nesba
Anyone upside down on their mortgage?
I checked my zwillow value and it is about what my mortgage balance is....
zwillow is kind of hit or miss, but it is not very encouraging.
If i walk away i save nearly $200k over the 7 years (mortgage, ptax, and insurance, etc) that i will have the foreclosure on my otherwise flawless credit history. it's not looking like the house will appreciate much if at all. i would have paid down $40k in principal in 7 years.
looks like i will be up 160k over 7 years.... if i put my mortgage savings each month into into my high yield saving acct it will be about $225k. so i guess i would really be up $185k over 7 years.
anyone in a similar situation?