Mar 26th 2013 8:00AM
The housing market's massive downturn several years ago took a significant toll on homeowners nationwide, and some are only now finally recovering from it. However, that number grew significantly in the fourth quarter of last year. Between October and December 2012, some 200,000 consumers who had previously been underwater... Continue Reading »
Mar 14th 2013 2:00PM
By Diana Olick An underwater mortgage may sound like you're dealing with beachfront property gone bad, but it's actually a term of art in the world of real estate. You probably heard this term in the aftermath of the 2008 financial crisis and its accompanying real estate bubble. So what is an underwater mortgage? CNBC... Continue Reading »
Feb 21st 2013 5:00PM
By Cory Hopkins Almost 2 million American homeowners were freed from negative equity in 2012, and the overall percentage of all homeowners with a mortgage in negative equity fell to 27.5 percent at the end of the fourth quarter, according to Zillow's fourth quarter Negative Equity Report. The falling negative equity rate... Continue Reading »
Dec 3rd 2012 12:25PM
By Mitchell D. Weiss If you're one of the 28 percent of U.S. homeowners with a mortgage that's higher than your house is currently worth, is it time to toss the keys to your lender and walk away? According to Zillow's third quarter Negative Equity Report, some 14 million people combine to owe an estimated $1 trillion... Continue Reading »
Nov 19th 2012 12:58PM
The housing market's downturn was so severe that it has taken years to even begin approaching pre-meltdown normalcy, but as it improves, more homeowners are finding themselves in much better financial positions. During the third quarter of the year, negative equity in the housing market took a sizable tumble, according to... Continue Reading »
