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Relatively Small Drop in Real Estate Values = Financial Ruin

Ran across an interesting blog entry showing readers just how easily home buyers can be wiped out.  The artice mainly shows how a family investing 80K of their own money into a 360K home (20% down)  can lose everything due to a 10% decline in value.  A sobering read for sure...

 

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Posted by RE Bust on May 22, 2006 11:00 PM |

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