Zillow reports that 23% of mortgages are now underwater, meaning 23% of all home mortgages now have negative equity. When this happens, home owners often decide to simply get up and walk away, saying it is not worth continuing to pay for a home that has dropped so much in value. When people stop paying […]
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These California Cities Are Teeming With Underwater Mortgages
Friday, November 19th, 2010 | Comments Off on These California Cities Are Teeming With Underwater Mortgages
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