I can't imagine some voters won't get this, but if they don't: When your home value drops to way below the amount you still owe on your mortgage, this is known as being "upside down", also known as "under water".
Not my mortgage, not my house, not my appraisal - I am fortunately still right-side up. ...But it is my hand. :)
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Oh, don't get me started on Bank of America and their mortgage debacle. When you have a couple of hours, let me tell you about our attempt at a refi. UGH
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