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June 2014 Archives

What Can I Do When My Building is Worth Less Than I Owe?

In the last five years, property values have fallen leaving many people owing more money than their property is worth. If you own a building with rental apartments, you may be able to reduce what you pay to only what the building is worth by filing a Chapter 13 bankruptcy and using a cram down or bifurcation.

no money down for qualified wage earners
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