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 »
Sep 16th 2010 3:19PM
There's nothing like a housing crisis to inspire moral ambivalence. In a recent survey conducted by the Pew Research Center, more than a third of respondents said walking away from a mortgage is acceptable in certain situations. While a solid majority (59 percent) believes that so-called "strategic defaults" are wrong, an... Continue Reading »
Aug 31st 2010 12:03PM
CoreLogic's negative equity, or underwater homes, data was just about flat at the end of the second quarter of 2010 compared to the first quarter -- from 11.2 million homes underwater in the first quarter of 2010 to 11 million in the second quarter. There's another 2.4 million borrowers with less than 5 percent equity, so... Continue Reading »
Aug 12th 2010 1:16PM
Northern Florida is taking on water, and it's not the kind that falls from the sky. New data reveals that nearly half of Jacksonville, Fla.-area homeowners are underwater on their mortgages, meaning they owe more on their loan than their house is worth in the current market. Some 48.9 percent of Jackonsonville... Continue Reading »
