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Loan Modification

: The Truth About Mortgage.com

More Than 11 Million American Homeowners Underwater

By scot184

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A whopping 11.1 million homeowners were underwater on their mortgages in the fourth quarter, according to a report released today by CoreLogic. The company said 23.1 percent of all residential properties with a mortgage were in a negative equity position, meaning they owed more on their mortgage(s) than the property was currently worth. That’s up [...]

Full post as published by The Truth About Mortgage.com on March 08, 2011 (boomark / email).

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