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Loan Modification

: The Truth About Mortgage.com

One in Five Homeowners Upside Down on Mortgage

By scot184

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More than a fifth of homeowners nationwide are now underwater, meaning they owe more on their mortgage than the home is worth, according to a report from Zillow. This compares to 17.6 percent in the fourth quarter of 2008 and 14.3 percent a quarter earlier. The increase was led by a ninth straight decline in home values, [...]

Full post as published by The Truth About Mortgage.com on May 06, 2009 (boomark / email).

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