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Archive Home > 2008 > September > 21 > The pain of selling a home for much less than the loan

The pain of selling a home for much less than the loan

By David Streitfeld / The Bulletin
September 21, 2008

Many Americans are discovering an unfortunate twist to the housing crisis: Even after selling a home and moving away, they might have to keep paying on it for years, even decades.

With home prices tumbling, millions of people owe more on their mortgages than the houses are worth. If a new job or....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.