EVP - Protecting Your Family (and Property) From Mortgage Banks
by Shay J Reches
Most people buy their residential property using a mortgage as a source of funding. While buying a property is an important decision, many fear that the commitment they make by taking a mortgage, will tie them to
their property, without an option to just "walk away". A mortgage is usually taken for a large part of the purchase price, and for a long period of time. So what happens if you need to sell your property and the price you can get is lower than the money you owe? Equity Value Protection (EVP) addresses this problem.
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