U.S News & World Report recently reported on the top ten places in the United States that had the most “underwater” mortgages. Understanding Negative Equity or Underwater Mortgage Negative equity or “underwater” mortgage is when a home owner owes more on their home than it’s worth. Therefore, home owners... Read more

The S&P Case-Shiller Index showed a 2.5 percent decline in home value over the fourth quarter of 2009 versus the same period in 2008. While the index remains negative, the numbers are seen as an improvement over the intense declines experienced over the first three quarters of 2009, each in the double digits.

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