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Loan Modification

: Loan Modification & Home Loan News

Video: Many homeowners in limbo over walking away from underwater mortgages

By Moe Bedard

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Michael Keigans is “underwater” on his mortgage, owing $80,000 more than his Deerfield Beach house is worth. Keigans figures it could take a decade or two to recover the lost equity, so he’s tempted to walk away, even though he has the money to pay. “Why keep putting money into a house that’s going down in [...]

Full post as published by Loan Modification & Home Loan News on March 08, 2010 (boomark / email).

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