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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (5226)	9/11/2002 3:58:25 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

>>Almost half of the agents in the office had recently dealt with at least one escrow where the Seller's home was worth less than the mortgages and the Seller did not know it until they received the closing escrow statement. On closing the Sellers had to write a check.<< that is a very valid concern. though not likely to affect those who haven't "cashed out" by way of re-fi loans or bought many years ago. i had a family member who bought a home and because of a job transfer situation was forced to sell within 6 months. they barelybroke even. and they were sweating that "having to write a check" scenario.