Dec 13th 2010 12:11PM
Underwater mortgages are the bugaboo of troubled homeowners. The more underwater their homes are -- in other words, the more negative equity they hold in their homes -- the better the chances are that homeowners will lose them. Therefore it should come as good news that only 10.8 million homes, or 22.5 percent of all... Continue Reading »
Nov 5th 2010 4:00PM
More Americans find themselves in a position of negative equity -- owing more on a mortgage than the home is currently worth. By itself, negative equity isn't necessarily trouble. Those who can afford their monthly mortgage payments and have a safe loan structure can wait out the market until home values improve. For... Continue Reading »
Nov 9th 2009 5:30PM
According to a page one story in today's Wall Street Journal, the wealthy can be just as bad about diluting their home equity as your average Joe, if not slightly worse. Ronald Burkle, a grocery store billionaire and Bill Clinton supporter, has apparently borrowed $56 million against his two homes, including $9 million in... Continue Reading »
