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Walk Away Meaning and Underwater Explained

  • 13 hours ago
  • 1 min read

Special Episode 3, Short 1


Walk away refers to situations where a homeowner may be able to leave a property under certain legal conditions without continuing responsibility for the mortgage, depending on applicable rules.


Underwater describes a property where the total debt is higher than the home’s market value, such as owing $400,000 on a home worth $300,000 leaving a $100,000 gap between debt and value.

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Walk Away Meaning and Underwater Explained

Contact Newport Beach Real Estate Attorneys today -- go to NewportBeachRealEstateAttorney.com or call (800) 233-8521 for a complimentary phone consultation.


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