{"id":8692,"date":"2012-01-05T00:15:46","date_gmt":"2012-01-05T08:15:46","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=8692"},"modified":"2012-01-04T20:24:43","modified_gmt":"2012-01-05T04:24:43","slug":"100-words-on-why-having-an-upside-down-mortgage-aint-all-bad","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id8692-100-words-on-why-having-an-upside-down-mortgage-aint-all-bad.html","title":{"rendered":"100 Words On: Why Having an Upside Down Mortgage Ain&#8217;t All Bad"},"content":{"rendered":"<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2012\/01\/upside-down-home.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-8704\" title=\"Upside-down house\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2012\/01\/upside-down-home.jpg\" alt=\"\" width=\"500\" height=\"333\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2012\/01\/upside-down-home.jpg 500w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2012\/01\/upside-down-home-300x199.jpg 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a>One of the biggest fears many homeowners have is waking up one day and discovering that they owe more on the mortgage than their house is actually worth. While that may be trouble for those who absolutely positively have to move, it&#8217;s really no big deal for those who don&#8217;t &#8212; <a href=\"https:\/\/lenpenzo.com\/blog\/id3429-strategic-defaults-aren%E2%80%99t-that-bad.html\">so don&#8217;t panic<\/a>. Unlike underwater stocks, homes with upside down mortgages still have intrinsic value. Remember, you can only lose money on an upside mortgage if you sell.<\/p>\n<p><strong>The bottom line:<\/strong> Selling your home simply because you owe more than it&#8217;s worth is foolish &#8212; especially if it&#8217;s meeting your needs.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: Thomas Quine<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the biggest fears many homeowners have is waking up one day and discovering that they owe more on the mortgage than their house is actually worth. While that may be trouble for those who absolutely positively have to move, it&#8217;s really no big deal for those who don&#8217;t &#8212; so don&#8217;t panic. Unlike [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[473,463],"tags":[],"class_list":{"0":"post-8692","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-100-words","7":"category-real-estate","8":"pmpro-has-access","9":"entry","10":"has-post-thumbnail"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>100 Words On: Why Having an Upside Down Mortgage Ain&#039;t All Bad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id8692-100-words-on-why-having-an-upside-down-mortgage-aint-all-bad.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"100 Words On: Why Having an Upside Down Mortgage Ain&#039;t All Bad\" \/>\n<meta property=\"og:description\" content=\"One of the biggest fears many homeowners have is waking up one day and discovering that they owe more on the mortgage than their house is actually worth. While that may be trouble for those who absolutely positively have to move, it&#8217;s really no big deal for those who don&#8217;t &#8212; so don&#8217;t panic. 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