How to Save Equity in Home if You Can’t Make Payments

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A lot of people are hurting these days, losing their jobs, or the ability to pay the mortgage on their homes. A recent example is Zillow user 4748 from Edgewood, WA who asks in Zillow Advice:

We have equity in our home but can’t make payments. If it doesn’t sell how can we get our equity?

Lots of things weigh in the balance in this scenario: failing credit rating, potential rental fees, moving costs and just plain losing your hard-earned money you invested in the house. If you find yourself in this same situation, see the advice 4748 received.

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