20170127 - Underwater House (SN) - nwherald
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Sarah Nader - snader@shawmedia.com
Zaya Nicolas of Wonder Lake looks over bills at his home Friday, Jan. 27, 2017. Nicolas and his wife lost their jobs and now have a home loan with a higher balance then the free-market value of the home. This situation prevents the homeowners from selling the home unless they have cash to pay the loss out of pocket. It also usually prevents the homeowner from refinancing.