Did a quick search. Maybe I'm wrong after all. It's called an upside-down mortgage when you owe more than it's worth. And that definitely causes problems. But nothing's coming up where the bank can automatically foreclose on you.
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Okay makes me feel better about my mortgage lol. Yeah I suppose as long as you are able to make the payments it doesn't really matter if your upside down. I have one rental property and never really understood how landlords properly managing their funds get into such deep trouble. I think what happens is its flippers because at the end of the day if my mortage is $700 and my place rents for $1400 it doesn't really matter what home prices do.