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re: 100K Net Worth
Posted on 7/29/15 at 4:16 pm to rocket31
Posted on 7/29/15 at 4:16 pm to rocket31
quote:Uh no. I owe money on my house, but it's mine. I own it. I can sell it and collect the proceeds, the bank can't. The bank owns my debt, not my house. My house is my asset, my debt is the bank's asset.
The bank owns the house if you still owe $180k on it.
quote:Wondering the same thing.
Honestly wtf am I reading.
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