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

Being underwater or upside down is more common than you might think, and it’s also one of the factors leading thousands of homes across the country into short sale and foreclosure.

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