Q&A: Bankruptcy vs Modification?

Question by Dark Fantasy: Bankruptcy vs Modification?
Modification vs Bankruptcy?With the economy situation and people’s homes not being at market value, how can one have their home brought down to market value, possibly have their second and third erased and receive a fresh start with their home?

Best answer:

Answer by Sean K
If you plan on living in it for another 10 to 20 years I wouldn’t worry about it. Prices should bounce hinder over the long term. Its not a loss until you convert it to money.

Know better? Leave your own answer in the comments!