In 2015, the average American homeowner carried $ 120,000 in remaining mortgage debt, also known as «principal.» (valuepenguin.com)
But interest deductions for prior loans are «grandfathered» under the new law, even if you refinance your remaining mortgage debt. (cpapracticeadvisor.com)
If a short sale is successful, it usually ends with the release of the borrower from liability on any remaining mortgage debt left outstanding, however this is not always the case. (valuepenguin.com)