original housing price = $100,000, downpayment =$20,000, mortgage = 80,000" i" l% ] U/ T" P' r- i+ d
one year later, the housing is only worth $60,000, tell you $1.00 but must with the mortgage. Do you want it? r; Z: c' B/ f- N+ q% _
2 q$ j' o$ n( A p5 T
No way !!!