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Loan Modification

: Loan Modification & Home Loan News

Underwater Homeowners Drowning in Debt

By Moe Bedard

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Nationwide, about one in four home mortgages are now underwater, meaning borrowers owe more than their places are worth. No surprise, California and other bubbly states — Nevada, Arizona, and Florida — lead the nation. While a bevy of new federal programs aim to help, underwater owners who want to move still face uncomfortable choices: Postpone [...]

Full post as published by Loan Modification & Home Loan News on May 06, 2010 (boomark / email).

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