Quote:
Originally Posted by footfootfoot
The mortgage is currently underwater. She's decamped and realizes there is no equity in it. I am proposing that if and when the house sells we would split any gain realized at that point, maybe with a cap.
May be entirely moot if I don't find a job/start earning $ soon. Then it might be a nice "Continue to fixer-upper" for someone with good timing at the foreclosure sale. [/cynical laugh]
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... is it under by a lot or a little?
back in the day....
I traded cash for equity, a gamble, and came out a winner. i had sufficient cushion to last through the shitstorm. It was a good deal, in my humble opinion.