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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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I dunno. A lot of "loan officers" are probably going to end up out of work in the coming months. I suspect the market is going to drop a lot more than 5-10% too. Rick - you're probably covered since you did 20% down, but you may very well lose that 20%, possibly even a little more if you're unable to re-fi. A lot depends on market, but I wouldn't be at all surprised to see things drop 25%-30% nationwide before this is all over; I suspect certain volatile markets (like this one) to drop significantly more - north of 40%.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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