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Big big American dream house when auction start this week, the house listed 570K for only 300K
You can't sell and can't refinance. this is the situation as they are.
This is not soft landing.
Morgage interests rate after AMR end rise from deep discount to rocket high like 20% or so. It all depends
on current market. But big risk is that it is possible that you couldnt get money from bank to finance your home
or accept very high interests rate or sell the house or even foreclosure.
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