The real estate value in my area dropped because of a newly opened dumpsite near the town boundary.
A fault line was discovered last month near my backyard now my mortgage is bigger than my homes worth!
Economic development isnt reaching my community, land value in my area significantly dropped!
Has the home value in your neighborhood dropped as well? Are you looking at paying more on the equity and mortgage than what your property is truly worth?
Getting stuck in this situation downgrades not just the home value of your house but your overall assets as well. Moving to a better community might be the best recourse at this point.
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