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Monday, November 27, 2017 ended up being the happiest day of my entire life.
We offered my 2015 Honda Crosstour and just had to shell out $15,000 in negative equity to get it done.
Yes, that right is read by you.
I PAID $15,000 to market my vehicle.
Now, this might appear ridiculous become therefore very happy to spend to eradicate a vehicle.
But, this vehicle ended up being the thorn that is biggest during my part for just two years.
I’ll talk about my tale fleetingly, but first, I would ike to explain just exactly exactly what equity that is negative.
What exactly is Negative Equity?
Negative equity occurs when an asset is had by you that is well worth significantly less than the mortgage value on that asset.
It is once you buy one thing and has now less value than everything you covered it. (more…)