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2009-03-04 — ritholtz.com
" This is a clip of a borrower calling the show questioning why he should continue to pay for a home for which he owes so much more than it is worth. The guy bought the home for $600k and put a 50% down payment on it. Now he owes $350k due to neg-am but the value has dropped from $600k to $270k. This guy has been destroyed losing $300k cash. He wants to stop the pain. The loan adjusts soon and his payments will double."
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