billandamy
New Member
- Oct 22, 2007
- 3,043
- Boat Info
- 2008 205 sport. MonsterTower wakeboard tower.
- Engines
- 5.0 mpi (260 hp) alpha one drive with 19p ss prop.
Those criteria are pretty disturbing. You have to owe more then $729K. .. and if you don't. . then you MUST be upside down to qualify.
Hmm. I wonder if I can mortgage my $200K home for $800K. . .then claim being upside down. . .
No, equal to or less than the $729, which is going to be the majority of homes in the U.S. THAT is even worse. That one question alone puts probably (Im guessing) 85% of the homes in the U.S. in the "yes" category.