If Your House Is Repossessed Do You Get An Equity . Are you facing your house being repossessed WE CAN BUY ANY PROPERTY Medium So, in other words, if you were to sell the home today, you would make $50,000 back You may still have a mortgage shortfall and you'll have to find somewhere else to live
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For instance, if your home is valued at £300,000 and your remaining mortgage is £200,000, your equity would stand at £100,000 While homeowners strive to maintain timely mortgage payments, unforeseen circumstances such as job loss, financial hardships or unexpected expenses can lead to difficulties in keeping up with the mortgage.
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