Moving in Marysville : Questions & Answers

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Jack Gillis, Real Estate Pro in Dallas, TX
Jack Gillis answered:
3 1/2 years ago we did an assumable FHA loan at 95% value. ($200K loan) Now home is only worth $150K and we need to downsize. What should we do?
I don't see how anyone could advise your daughter to assume a loan that is $50,000 under value. In my opinion, she would do better trying to buy it from the bank at a later date. A ... more
0 votes Share Flag Sun Aug 28, 2011 Moving in Marysville
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